Construction Economic News

The project stress index composite represents an equal-weight measure of the seasonally adjusted level of pre-construction projects that have experienced a delayed bid date, have been placed on hold, or have been abandoned in the last 30-days. For the week ending November 20th,

Project Stress Index registered 120.2, indicating that last week’s project stress conditions were 20.2% above their 2021 average level.

Project Stress Index registered 120.2, indicating that last week’s project stress conditions were 20.2% above their 2021 average level.

The latest Employment Situation Report from the Bureau of Labor Statistics speaks of a +150,000 gain in the total number of U.S. jobs in October. That figure on its own is ho-hum. It is the second lowest monthly increase since pandemic days. (June of this year was weaker at +105,000).

Project Stress Index registered 120.2, indicating that last week’s project stress conditions were 20.2% above their 2021 average level.