Dodge: Total December Construction Starts Rebound, up 15% for 2022
Dodge Data and
Analytics' Dodge Construction Network reported on Tuesday that December 2022 construction starts for nonresidential, nonbuilding and residential construction projects increased 27% to a seasonally adjusted annual rate of almost $1.2 trillion. Starts increased 15% between 2021 and 2022. Nonresidential construction was the big performer in December starts – up 51% to $549.6 billion – driven by a 596% increase in manufacturing...READ MORE
Jobs Report Shock: 517,000 New Jobs Added in January, Blasting Street Forecasts; Unemployment Slips to 3.4%
The U.S. economy added far more new jobs than forecast last month, the Labor Department said Friday, ripping past Street forecasts and testing the market's assumption that inflation will slow sharply into the first few months of the year. The Bureau for Labor Statistics said 517,000 new jobs were created last month, blasting the Street consensus forecast of a 185,000...READ MORE
Construction Salaries Expected to See 5% Rise in 2023 There is good news for those in the construction industry – salaries are expected to rise by 5% in 2023. This will help counter inflation and ensure that
construction leaders and workers continue to be fairly compensated for their work.READ
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Top Cybersecurity Trends of 2023 There are a few certainties in cybersecurity: ransomware will cause headaches for companies; third parties will spark cyber incidents; and every December, cybersecurity analysts will put together lists of their predictions and trends they believe will have an impact in the coming year.READ MORE
What's in Store for the Construction Industry in 2023? As we approach another year, we as professionals ponder on the state of the construction industry and the direction it will be heading. So, what is this year in construction shaping up to look like?READ
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