SBE News


Capitol Update 4/25/22

AGC: Construction worker shortage persists The US construction industry is experiencing a worker shortage even though construction employment in March rose above pre-pandemic levels in 32 states. “Contractors have been adding workers as fast as they can find them,” said Ken Simonson, chief economist at … read more


Capitol Update 4/18/2022

Shipments of construction aggregates up 5% in 2021 Construction aggregate shipments volume rose 5% in 2021 from the previous year, according to the US Geological Survey. Prices for crushed stone and sand and gravel also were up year-to-year, with shipments totaling $19.6 billion and $10 … read more


CAPITOL UPDATE 4/11/2022

Trade deficit in Feb.: $89.2B The gap in goods and services trade stood at $89.2 billion in February, representing a 0.1% pullback from a record shortfall in January, according to Commerce Department data. Imports rose 1.3% to a record $317.8 billion, while exports climbed 1.8% … read more


Capitol Update 4/05/2022

Will boycotts of Russia hurt the construction industry? The construction industry as a whole stands to sustain significant damage from boycotts of Russia over the invasion of Ukraine, according to an analysis by GlobalData. The harm will come in the form of higher energy and … read more


Capitol Update 3/18/2022

Fed announces quarter-point hike in interest rates The Federal Open Market Committee indicated that interest rates will rise by a quarter percentage point as the Federal Reserve seeks to bring inflation under control. The interest-rate increase, which is the first in more than three years, … read more


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