Construction Spending Sinks Again in June as Homebuilding Slumps and Manufacturing Surge Fades
The construction industry’s boom years may be over as one of its key strengths, the labor market, has weakened over the past year. Construction spending fell 0.3% in June to an annualized rate of $2.5 trillion, Commerce Department data showed. Economists had expected a 0.2% increase. None of those surveyed by Econoday expected a decline. […]
Indonesia president begins working from new capital despite construction delays | Indonesia
Indonesian President Joko Widodo has opened work on the presidential palace in the country’s ambitious new administrative capital, a flagship project of his two terms in office that has been plagued by delays. The capital is set to move from traffic-choked, sinking Jakarta to the planned city of Nusantara in East Kalimantan province on Borneo […]
Construction workers union endorses Harris
The Laborers International Union of North America (LiUNA) has voted unanimously to support Vice President Harris’ presidential bid, becoming the latest labor union to endorse a potential Democratic presidential nominee. A major construction workers union endorsed Harris along with more than a half-dozen national labor groups. “Vice President Harris has been a key partner in […]
Border wall gap left open after Biden stopped construction frustrates agents: ‘It’s a beacon’
SAN DIEGO – As the crisis continues at the southern border, one of the hottest points for migrant crossings still has large gaps in the border wall that Border Patrol agents say they know illegal immigrants will stream through. Along the border near Otay Mountain, California, about 1.5 miles from the Otay Mesa port of […]