The Real Deal New York

Posts Tagged ‘construction jobs’

  • Construction employment rose a slight 2 percent in New York City in March, compared to the same period a year ago, according to a release from the Associated General Contractors of America. The increase translates to a total of 113,700 jobs recorded in the month-long period, versus 111,200 tallied in March 2012.

    Across the U.S., employment in the sector increased year-over-year in 152 of 339 metropolitan areas, the trade group said. [more]

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  • Barbara Byrne Denham

    The real estate industry lost more  jobs in March than any other sector of the workforce except government, shedding 1,200 in just a month, according to new figures released by Eastern Consolidated. Construction, in stark contrast, added 9,000  jobs from February to March, bolstered by the demand for construction post-Sandy, the numbers show.

    The report does not explain the drop in real estate jobs, although Eastern Consolidated’s chief economist Barbara Byrne Denham states that she fully expects the industry to recover the positions. [more]

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  • Rendering of 150 Charles Street

    Rendering of 150 Charles Street

    “Numbers to know” is a weekly Web feature that catalogues the most notable, quirky and surprising real estate statistics. Milestone at 150 Charles, Intergate.Manhattan marks its debut and the subway may determine how much you pay in rent. See this week’s countdown after the jump.[more]

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  • The pace of residential investment-related employment is predicted to pick up this year and in 2014 thanks to the housing recovery, CNBC reported, citing a Goldman Sachs report issued this week. Moreover, the increase in employment could mean the addition of 25,000 to 30,000 jobs monthly — a far cry from the 14,000 average monthly over the past year. These jobs include construction, manufacturing, real estate and wholesale trade, to name some examples. [more]

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  • Rising anxiety over the so-called fiscal cliff caused construction employment in New York to fall 5.2 percent year-over-year, an analysis by the Associated General Contractors of America of Labor Department shows. The prospect of federal tax increases, combined with spending cuts, has made contractors anxious, and resulted in 16,100 fewer construction jobs in New York, year-over-year — bringing the number of construction jobs statewide down to 292,200. … [more]

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  • Construction employment in October declined in 156 out of 337 American cities, according to a press release issued today by the Associated General Contractors of America. For the remainder of the cities, employment figures increased in 127 cities and remained the same in 54.

    As The Real Deal reported last month, the figures declined in a total of 160 U.S. metro areas in September. AGCA officials attributed the declines to uncertainty about federal tax and investment programs and on declining public sector demand. [more]

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  • Construction employers added 17,000 jobs in October, as the industry’s unemployment rate fell to 11.4 percent, according to a release issued today by the Associated General Contractors of America. This news comes on the heels of the U.S. Department of Labor’s announcement today that 171,000 jobs were added to the U.S. economy October; the unemployment rate, nationally, stands at 7.9 percent, according to the Labor Department.

    All in all, firms employed 5.54 million people this month, a 0.3 percent month-over-month increase from the 5.52 million added in September. But the overall figures are down by more than 2 million — compared to 2006, when the construction sector reached a zenith of 7.7 million employees. [more]

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  • Construction employment declined year-over-year in September in 160 out of 337 metropolitan areas in the United States, according to a release issued today by the Associated General Contractors of America. As for the rest, 125 cities posted gains in construction employment and numbers in 52 areas remained stagnant.

    AGCA officials pinned the reason for construction employment declines on the uncertainty about federal tax and investment programs, as well as on declining public sector demand. [more]

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  • Today brought with it a plethora of September jobs news. Nationwide, the economy added some 114,000 jobs, bringing the unemployment rate down to 7.8 percent, according to Labor Department statistics. And according to another new report, 5,000 of those jobs were added by construction employers.

    But the Associated General Contractors of America also revealed an increase in the industry’s total unemployment rate: 11.9 percent unemployment — up from 11.3 percent in August. “Despite the slight uptick in construction employment for the past month, the industry is a bit smaller than it was one year ago,” said Stephen Sandherr, CEO of the association, in the release. “It appears that for every rebounding market segment, there is another one that is shrinking.” [more]

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  • The New York City construction industry employed fewer people in the first quarter of 2012 than it has at any point in the last 13 years. A New York Building Congress report released today found construction employment dropped 3 percent over the previous year to 102,600. The industry now employs 29,200 fewer people than it did in 2008. [more]

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