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Couture tower construction
Sep 28, 2023

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.

Aug 31, 2023

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 economist recession
Jul 27, 2023

ABC top economist tells contractors to watch out for recession

Scarce labor and federal interest rates helped produce a shaky economic outlook.

Feb 17, 2023

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

Jan 9, 2023

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.

Jan 5, 2023

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.

Jan 4, 2023

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.

Dec 14, 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.

Sep 2, 2022

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.

Aug 25, 2022

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.

Aug 9, 2022

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.

Jul 28, 2022

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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