ABC chief economist Anirban Basu believes a recession will occur in 2023, based on higher interest rates and other indicators that suggest the economy may be slowing down.
The June 2018 not seasonally adjusted national construction unemployment rate increased 0.2 percent to 4.7 percent from June 2017. At the same time, the construction industry employed 282,000 more workers nationally than in June 2017.
The May 2018 not seasonally adjusted national construction unemployment rate fell 0.9 percent from May 2017 to 4.4 percent, the lowest May rate on record. At the same time, the construction industry employed 291,000 more workers nationally than in May 2017.
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 national NSA construction unemployment rate of 5.2 percent was 0.3 percent lower than a year ago, according to data from the Bureau of Labor Statistics (BLS).
North American Technician Excellence (NATE) is hoping the development of two new exams — a job-readiness certificate exam and certification-level exam for less experienced technicians — will provide a pathway into the industry or to a professional-level certification for new or less-experienced technicians.
While the number of HVAC technician jobs continues to grow exponentially, Fluke Corp. has found a considerable gap between the number of candidates needed for those jobs and those who are qualified to do them.