Construction Economic News

Stay up to date on the latest construction economic news and get in-depth analysis and insights from Chief Economist Michael Guckes.

Alex Carrick

Alex Carrick served as Chief Economist at ConstructConnect for over 39 years. He retired in 2024.

Blog Feature

By: Alex Carrick
July 11th, 2022

In the United States in June, according to the latest Employment Situation report from the Bureau of Labor Statistics, jobs creation maintained a strong pace, +372,000, although it didn’t quite keep up with the average through the first five months of this year, +474,000.

Blog Feature

By: Alex Carrick
July 6th, 2022

In stock market parlance, a bear market refers to a decline from recent peak of -20% or more.