More than 194 specialty contractors, including 70-plus Sheet Metal & Air Conditioning Contractors’ National Association (SMACNA) contractors, recently joined forces with four construction associations in Washington, D.C., for the recent Construction Employers of America (CEA) National Issues Conference.
Associated Builders and Contractors (ABC) praised President Trump for taking important steps to create a pro-growth business environment in a statement from ABC President and CEO, Michael Bellaman.
The Bureau of Labor Statistics (BLS) released its April jobs report, revealing that employment in the construction industry increased by 5,000 jobs (seasonally adjusted). While the economy added 211,000 jobs, total specialty trade employment contracted nominally, shedding 1,500 positions in April.
The HVAC services market is forecast to grow at a compound annual growth rate (CAGR) of 6.62 percent, according to the new report by ReportsnReports.com, Global HVAC Services Market 2017-2021.
On April 22, people all over the globe celebrated Earth Day. This holiday serves as a reminder to many that we all need to do our part to preserve the planet. While some plant trees, recycle, or clean parks, the HVACR industry touts the potency of geothermal heating and cooling.
The U.S. Bureau of Labor Statistics released its March employment data, which revealed a slowing of job growth from previous months. A clear bright spot in the report was the 7,300 new jobs in nonresidential specialty trade construction.
Expectations for 2017 have become less optimistic, but the majority of industrial and commercial construction contractors still expect growth this year, according to the latest Associated Builders and Contractors Inc. (ABC) Construction Confidence Index (CCI). Although all three diffusion indices in the survey — profit margins, sales, and staffing levels —fell by more than five points, they remain well above the threshold of 50, which signals that construction activity will continue to be one of the few significant drivers of economic growth.
The Bureau of Labor Statistics released its February jobs report, marking another month of growth in construction employment. Of the 235,000 jobs created in February, 25 percent were in the construction industry. The specialty construction trades drove the increase in construction employment, accounting for over 62 percent of the job growth in the construction industry.
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