Recently, there has been an easing of tensions in two key areas impacting the global economy. The U.S. and China have reached a first phase agreement towards resolving their trade disputes and the U.K. and E.U. are speaking again with the goal of avoiding a ‘hard’ Brexit. A new negotiated arrangement would alleviate the pain from the U.K withdrawing ‘cold turkey.’
Listed below are ConstructConnect’s Hot Commercial Construction Projects for the week of October 7 - 11, 2019. Our Hot Projects showcases three currently bidding or sub-bidding projects from all 50 states and the District of Columbia pulled from our extensive database of construction leads.
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Lowest Core-Aged Male Unemployment Rate in 40 Years On top of the 82,000 net new jobs that were created in Canada in August, another +53,000 were added in September, according to the latest Labour Force Survey report published by Statistics Canada. The total for the past two months, therefore, has been +135,000, a remarkably strong advance.
A Dearth of Mega Projects in September Versus August ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $34.7 billion (green shaded box, Table 3 below),-32.9% compared with August’s figure of $51.6 billion (originally reported as $50.2 billion). The decline of nearly one-third (or -$16.9 billion) was due to a disparity in ‘mega project’ start-ups. Whereas August featured 5 projects of a billion dollars or more each, totaling $18.7 billion, September had only two such undertakings, combining for $2.3 billion (yielding a gap of -$16.4 billion).
The accompanying table records the top 10 project starts in the U.S. for September 2019.
Clichés are often true and it is the case that a picture can be worth a thousand words.