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The latest unemployment figures reported by the federal government show staggering job losses across the country in the wake of the COVID-19-induced economic shutdown. The US Department of Labor reports that 6.6 million Americans filed initial unemployment claims for the week ending April... View full entry
The United States Senate and House of Representatives have both passed the CARES Act, $2 trillion economic aid package crafted in response to the coronavirus (COVID-19) crisis, the largest government stimulus in the history of the United States. The historic effort, which was signed into law by... View full entry
The No. 1 business issue for home builders, remodelers, and land developers continues to be access to skilled labor. According to NAHB analysis of Bureau of Labor Statistics (BLS) data, as of April of this year there were 404,000 open construction sector positions. Not only is this level of unfilled jobs in the construction industry at a post–Great Recession high, the current estimate is the highest ever reading for this data series, which runs back two decades. — Builder
According to Builder, "the intensity of the labor shortage among builders grew more intense during 2018 and 2019." The challenges of this shortage on the construction industry bring higher costs, delays, and lower output on projects. Economist, Robert Dietz, Ph.D. suggests that, "Wage growth... View full entry
The effects of last summer's Brexit are starting to be measured within the architectural community, and they're dramatic: according to a press release issued by RIBA, in a survey of its members 40% of U.K.-based non British EU nationals are thinking about leaving the country, while 60% of RIBA's... View full entry
The broad decline, revealed in a Labor Department report Wednesday, offers the latest sign the labor market recovery kicked into a higher gear in 2014. The declines varied broadly.
Unemployment fell the most in Illinois, where the rate dropped 2 percentage points from the prior year to an average 7.1%. The rate declined by 1.8 points in Colorado, North Carolina and Ohio. [...]
Unemployment across the entire U.S. fell 1.2 points to 6.2% last year.
— blogs.wsj.com
Call them members of the permanent intern underclass: educated members of the millennial generation who are locked out of the traditional career ladder and are having to settle for two, three and sometimes more internships after graduating college, all with no end in sight. — The New York Times
The New York Federal Reserve’s latest research report discusses a number of difficulties facing recent college graduates, including unemployment. [...]
After dividing the pool into 13 different undergraduate majors, and using data from 2009 to 2011, some academic pursuits proved likelier to land graduates a job. [...]
For instance, the unemployment rate for architecture and construction majors was 8%, likely related to the fate of housing-related sectors following the housing bust.
— Quartz
Rusty Shackleford quipped "I wonder what the realtor spin will be with these units... ‘Japan style luxury!’ ‘MINI COOPER with plumbing! Going fast!’ ...I lived once in 275sg.ft. place in NYC. A more appropriate name for this housing type would be JAIL." KarjaCH countered "if properly designed with great attention paid to detail, 300 sf can be the most amazing place to live". Meanwhile hanque helpfully pointed out "if you look at the RFP they've already been designed."
Archinect’s latest project featured in the Showcase series is the House in Ovar, Portugal, by architect, Paula Santos. News NYC launched the adAPT NYC Competition, a pilot program to develop a new housing model for the City’s growing small-household population. adAPT NYC seeks to... View full entry
According to a new study led by Connie Wanberg, a University of Minnesota professor of organizational and work behavior, the average laid-off worker experiences a gradual improvement in mental health until the 10- to 12-week mark, when the trend reverses.
The study found that those participants who reported better mental health tended to conduct more intense job searches, increasing their likelihood of landing jobs.
— online.wsj.com
Here, take a happy pill. View full entry
With steady migration to Sun Belt states and many baby boomers retiring in the next few years, there should be an uptick in demand for new homes, healthcare facilities, and office buildings. This means the job market for architects should remain solid. The Bureau of Labor Statistics projects architect employment growth of 23.1 percent between 2010 and 2020, adding 31,300 more professionals to the 135,400 already-existing jobs in this field. — money.usnews.com
Recent college graduates with bachelor’s degrees in the arts, humanities and architecture experienced significantly higher rates of joblessness, according to a study being released Wednesday by Georgetown University’s Center on Education and the Workforce.
Among recent college graduates, those with the highest rates of unemployment had undergraduate degrees in architecture (13.9 percent), the arts (11.1 percent) and the humanities (9.4 percent), according to the study.
— washingtonpost.com
via mal-practice View full entry
High joblessness and the weak economic recovery pushed the ranks of the poor in the U.S. to 46.2 million in 2010 -- the fourth straight increase and the largest number of people living in poverty since record-keeping began 52 years ago, the Census Bureau reported Tuesday. — LA Times
