By Annalyn Censky
NEW YORK (CNNMoney) -- Construction and manufacturing workers got some slightly better news from the government's jobs report on Friday. Those industries each added 33,000 jobs in February. It was the biggest one-month gain for construction workers in nearly four years. And in manufacturing, February's increase rounded off the strongest three-month winning streak in 16 years. But that doesn't mean either industry is out of the woods just yet.
The above portion of the article came to me from the AGC weekly newsletter and it gave some food for thought. This talks about happenings in the construction industry on a macro level, and it is mostly good news. In case you didn't know, the construction industry has been the hardest hit sector of the economy since the recession began, with unemployment reaching above 25%. It is currently at 21.8% and slowly getting better, which is good news.
At a micro level, this mirrors what we are seeing locally at Mendel & Company. While the medical and dental construction world has remained steady, due in large part, I believe, in their continued ability to receive financing, we have seen an increase lately in other types of work, like retail, restaurant, general office and other commercial work.
Tomorrow I will mention a few of the specific projects that we have started lately, as well as what this means in terms of prices for construction services in the near-term.
If you would like the link to the entire article referenced above, just contact me. By tomorrow I will learn how to post a link so that you can go right to it.
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