Alabama Construction News

JAN-MAR 2018

Alabama Construction News is the states only bimonthly magazine dedicated to the commercial construction industry.

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James McNabb, Richard Green and Joey Calvin 18 AL CONSTRUCTION NEWS JAN-MAR 2018 INDUSTRY OUTLOOK & TRENDS FOR ALABAMA, PRESENTED BY ABC OF ALABAMA Construction Unemployment Rates Improve in 36 States as Nation Posts Lowest November Rate on Record THE NOT SEASONALLY ADJUSTED (NSA) NATIONAL CONSTRUCTION UNEMPLOYMENT RATE WAS 5 PERCENT IN NOVEMBER 2017, down 0.7 percent from a year ago and the lowest November rate on record, according to an analysis of U.S. Bureau of Labor Statistics (BLS) data released by ABC. The construction industry employed 191,000 more workers than in November 2016. Construction unemployment rates were down in 36 states on a year-over-year basis, unchanged in 13 and up in one state (Missouri). Construction employment continues to show strength throughout much of the country, reflecting a health construction industry, said Bernard M. Markstein, Ph.D., president and chief economist of Markstein Advisors, who conducted the analysis for ABC. Above-average temperatures and below-normal precipitation in much of the country in November likely helped overall construction activity. Continued recover and rebuilding efforts following 2017's hurricanes, floods and wildfires has added to demand for workers, offsetting some of the normal seasonal downturn in construction employment. Because these industry-specific rates are not seasonally adjusted, national and state-level unemployment rates are best evaluated on a year-over-year basis. The monthly movement of the rates still provides some information, although extra care must be used in drawing conclusions from these monthly movements. From the beginning of the data series in 2000 through 2016, the monthly movement in the national NSA construction unemployment rate from October to November has increased 13 times decreased twice and remained unchanged twice. The most recent rate went up to 0.5 percent from October. Among the states, 38 had increases, nine had decreases and three were unchanged (Massachusetts, New York and Utah). THE TOP FIVE STATES The states with the lowest estimated November NSA construction unemployment rates in order from lowest to highest were: 1. Hawaii, 2.5 percent 2. Idaho and Utah (tie), 2.9 percent 4. Massachusetts, 3.1 percent 5. Colorado, 3.2 percent We carry a full Line of upfitted vehicles ready for the workplace, with special pricing for ABC-Alabama Active Members. Ask for the Commercial Department Hendrick Chevrolet 1620 Montgomery Hwy. Hoover, Al, 35216 (1.5 Miles North of the Galleria) t. 205-823-5120 f. 205-823-9311 800-240-5100 H E N D R I C K C H EVR O LET The #1 GM Fleet/Commercial Dealer in Central Alabama E LITE Johnny Angell Scott Thomas

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