June 21, 2019 Number of truck drivers reaches all-time high, but driver shortage persists Source: Eleanor Lamb, Transport Topics According to the U.S. Census Bureau, the number of truckers is at an all-time high. The number rebounded to 3.5 million in 2017 after sinking to fewer than 3 million during the Great …
U.S. home construction drops 0.9% in May Number of truck drivers reaches all-time high, but driver shortage persists Source: Martin Crutsinger, Associated Press via The Detroit News May saw a sharp drop in construction of single-family homes. Apartment building construction actually rose during the month, but not enough to offset the decline, which analysts …
May 17, 2019 U.S. home construction up 1.8% in April Source: MARTIN CRUTSINGER, Associated Press According to building permit data, home construction rose by 1.8% in April 2019 versus the previous month. However, that rate is actually 2.5% lower than the rate one year ago. This suggests that there are currently not enough …
May 10, 2019 Consumer Price Index rises; real hourly earnings decrease in April According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.3% in April. The index measures the change in prices paid by consumers. The gasoline index largely drove the increase. That index rose 5.7%, and accounted for …
The Bureau of Labor Statistics has released its latest jobs report. The unemployment rate held steady in August at 3.9% – the lowest since 2000. The number of unemployed workers – including the long-term unemployed – changed little compared to July. Employment rose in professional and business services, healthcare, wholesale trade, transportation and warehousing, and …
Shipping costs have skyrocketed in 2018. This signals a strong U.S. economy. But these higher costs, coupled with the ongoing driver shortage, are pushing up the price of consumer goods. Consumers Feeling The Pinch Amazon has raised the cost of its Prime program by 20% to compensate for the extra cost of delivering items …
Associated Builders and Contractors, Inc. (ABC) released their latest report on the cost of commercial construction materials. In January, material prices rose 1.1% compared to the previous month, and 4.9% compared to one year ago. So what’s going on? Economic Warfare The rising cost of construction materials hasn’t hit all products equally. The materials …
The Great Recession of 2007 was a difficult time. Businesses slashed wages. The poverty rate rose, and hiring stalled. And according to the Treasury Department, American households lost a staggering $19.2 trillion in wealth. While the economy isn’t growing like it was in the early 2000s, the economic recovery is still rolling along. The unemployment …
80% of Americans are now shopping online. This huge shift in how people browse and pay for goods has been bad news for traditional retailers. In 2017, major companies like The Limited, Wet Seal, and hhgregg all filed for bankruptcy. But companies like Amazon and eBay continue to grow. And rising e-commerce sales means more …
For decades, the worker salary in California’s construction industry has been trending downwards. In 1973, the hourly wage of a U.S. construction worker was $31.84, while in 2016, the wage is $25.97 (adjusted for inflation). Data from the Bureau of Labor Statistics and unionstats.com show the drop in construction worker pay as mirroring the reduction of worker …
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