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Forecast: Economic challenges ahead as rates rise and labor shortages remain
Recession risks, labor shortages, office vacancies and interest rates were all hurdles ahead for contractors.
Report shows hope, concerns for future engineering economy
The ACEC Research Institute has released results of a study looking at engineering business sentiment for the third quarter of 2023.
ABC top economist tells contractors to watch out for recession
Scarce labor and federal interest rates helped produce a shaky economic outlook.
Despite burgeoning pessimism, economy remains strong
In a replay of the good-news-is-bad-news scenario, those claiming we are in recessionary times were dealt a body blow by the latest jobs report. Despite the Federal Reserve’s valiant efforts to slow the economy, U.S. jobs soared by half a million in January
Construction adds 28,000 net jobs in December after ‘flat’ job openings in November: ABC
ABC reported 28,000 more net jobs added to the construction industry in December in their latest analysis.
Construction industry looks to public sector amid supply, labor challenges in annual AGC of America survey
Contractors looked to public funding and projects in 2023 while facing usual suspects in the latest AGC outlook.
Wisconsin construction contributed to 3.1% of total state GDP, AGC finds
Associated General Contractors of Wisconsin released an economic outlook looking back at 2022.
Industry to face ‘overheated’ economy as demand, growth, inflation go up, ABC top economist says
Construction in 2023 will be marked with lingering inflation linked with strong demand and growth, economist Anirban Basu said in a Construction Executive webinar.
US hiring slows as employers add a still-solid 315,000 jobs
America's employers slowed their hiring in August in the face of rising interest rates, high inflation and sluggish consumer spending but still added 315,000 jobs.
Government revision shows economy shrank 0.6% last quarter
The U.S. economy shrank at a 0.6% annual rate from April through June, the government said Thursday in a slight upgrade from its initial estimate. It marked a second straight quarter of economic contraction, which meets one informal sign of a recession.
US inflation will likely stay high even as gas prices fall
Americans may finally be catching a break from relentlessly surging prices — if just a slight one — even as inflation is expected to remain painfully high for months.
US economy shrinks for a 2nd quarter, raising recession fear
The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.
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- Milwaukee County breaks ground on first health and human services center
- Where are the homes? Glaring need for housing construction underlined by Century 21 CEO
- Lawmakers block update for new commercial building standards
- Milwaukee mayor’s $1.9B budget proposal has infrastructure boost
- As employers face labor shortages, Biden administration rolls out playbook for training workers
- Wisconsin Senate committee votes against confirmation for four DNR policy board appointees
- October proclaimed Architecture Awareness Month in Wisconsin
- Pre-Bid Meetings – Week of October 2, 2023
- Corn mill owners plead to federal charges in fatal explosion, will pay $11.25 million
- BUILDING BLOCKS: Second phase of Lower Yahara River Trail construction
- Sky-high mortgage rates leave homes unaffordable for more buyers, sending new home sales tumbling
- Forecast: Economic challenges ahead as rates rise and labor shortages remain
Project Profiles
- First prefabricated bridge in US installed in Eau Claire County
- Illinois developer worked with Wisconsin contractor to build 258-unit Wauwatosa apartment complex
- VJS Construction raises the roof for Bruce Guadalupe Community School expansion project
- Microgrid pilot project will store energy for village affected by outages
- Dane County sees uptick in highway work zone crashes, on track to exceed last year
- The Hop streetcar will debut newest service route in fall with limited service
- FPC Live slims venue proposal to 1 downtown building
- Children’s Hospital urgent care center in Milwaukee gets first round of city approval
- With Sonag Construction shut down, feds move to block indicted owner from collecting leftover assets
- Four contractors selected to build border wall prototypes
- UW-Milwaukee’s Greenstreet shaping minds (and the city)
- Turning the Corner(s) (PHOTO SLIDESHOW)
