U.S. construction climbs 1.2 percent in November

Posted by IronPlanet on Jan 3, 2012 9:46:00 PM

For the third time in four months, the number of construction jobs in the United States increased. Rising 1.2 percent in November, the industry outperformed predictions from a number of experts, including those at Bloomberg. Public expenditures also grew, indicating that Americans may be loosening the grip on their budgets a bit.

"Residential construction and even business construction have been favorable,” Russell Price, a senior economist at Ameriprise Financial Inc., told the news source. "I expect that to continue."

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Topics: Construction, Industry Headlines