Construction's labor, economic numbers begin to show cracks
Construction's labor, economic numbers begin to show cracks
Abstract
Associated Builders and Contractors reported that the number of open construction jobs declined to 434,000 in May. Overall nonresidential construction spending fell 0.6% to $832.5 billion, though it was still up 1% in the last year. Despite the positive year-over-year comparisons, economists said the numbers are beginning to make real the specter of a recession that’s hung over the market. ‘Signs of economic slowing.
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