Tag: uncertainty
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ICE raids on building sites stoke fear, uncertainty
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. President Donald Trump’s push to remove undocumented workers from industries across the country played out on several construction sites last week. Immigration and Customs Enforcement officers arrested over 100 undocumented workers during a jobsite raid in Tallahassee,…
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Construction Job Openings Fall as Industry Faces Uncertainty, But Unemployment Stays Low in Most States
The U.S. construction industry saw a drop in job openings in March 2025, according to new data released by the Bureau of Labor Statistics and analyzed by Associated Builders and Contractors (ABC). At the same time, construction unemployment remained relatively low across most of the country, with only four states reporting rates above 10%. Job…
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Jacobs remains ‘well positioned’ amid economic uncertainty
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Jacobs’ CEO Bob Pragada said he remains optimistic in the face of tariffs, political change and economic global uncertainty during the contractor’s recent second-quarter earnings call. “Overall, our business remains well positioned, with infrastructure and consulting services…
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Policy uncertainty could trigger ‘recession’ for renewables, analyst says
Dive Brief: Global solar companies’ total corporate funding, including venture capital, public market and debt financing, declined 41% year over year during the first quarter of 2025, while energy storage companies’ funding fell 81%, according to Mercom Capital Group, a consulting firm. Uncertainty — primarily around the fate of the Inflation Reduction Act and renewable energy…
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Developers delay billions in projects amid mounting uncertainty
Listen to the article 8 min This audio is auto-generated. Please let us know if you have feedback. A foreign construction equipment maker is betting big on President Donald Trump’s trade policies even as developers cancel billions in clean energy and tech manufacturing projects. JCB, the U.K.-based construction equipment company, plans to double the size…
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Office demand remains resilient in Q1, despite economic uncertainty
Despite economic uncertainty, office demand remained resilient in the first quarter, showing negative absorption in the period but increasing 30% quarter-over-quarter and 48% year over year on a four-quarter rolling total, according to Cushman & Wakefield’s Q1 2025 office marketbeat report released Monday. Net absorption was positive in the first quarter for a third of…
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Preparing your firm for economic uncertainty
Economically, the last decade has seen many challenges for companies in the construction and renovation sectors. Recessions, pandemics, ever-increasing living costs, and recently imposed tariffs on goods and services going in and out of the United States have filled the headlines and given many directors cause for concern. So, how can you prepare your company…
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MTA plans to build through budget uncertainty
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. The MTA is charging ahead with big plans for New York’s infrastructure future, even as questions swirl about where the long-term money will come from. Several major projects have been announced in recent weeks. For instance, last…
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MTA plans to build through budget uncertainty
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. The MTA is charging ahead with big plans for New York’s infrastructure future, even as questions swirl about where the long-term money will come from. Several major projects have been announced in recent weeks. For instance, last…
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Hiring slows amid economic uncertainty
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Construction counted 264,000 unfilled job openings on the last day of February, a 9% increase from January but a 38.5% decrease from the same month in 2024, according to data released by the Bureau of…