US construction spending rises 1.1 per cent in October; homes and schools drive gains by Josh Boak, The Associated Press Posted Dec 2, 2014 2:49 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email FILE – In this Oct. 9, 2014 file photo, a man works on the roof of a building under construction in Middlefield, Ohio. The Commerce Department reports on U.S. construction spending in October on Tuesday, Dec. 2, 2014. (AP Photo/Tony Dejak, File) WASHINGTON – Newly built homes and schools boosted U.S. construction spending in October to the highest level since May.The Commerce Department said Tuesday that construction spending rose a seasonally adjusted 1.1 per cent in October, after having slipped 0.1 per cent in September.Fueling the gains in October was a 1.8 per cent increase in spending on single-family houses. A similar boost in building schools led to a 2.3 per cent increase in government construction spending. Meanwhile, private construction of power plants and commercial centres slipped in October.Building activity has been slowly improving for much of 2014, although its contribution to broader economic growth has been relatively modest. Homebuilding has crept upward, limited by meagre wage gains that have barely outpaced inflation. That has cut into the amount of money that people have to spend on homes or rent.Diane Swonk, chief economist at Mesirow Financial, called the report “welcome news” but cautioned that single-family house construction “remains a shadow of previous levels.”“This is showing up in less construction employment and a smaller acceleration in wages than we would like given the age of this recovery, which in dog years is well into middle age,” Swonk said.October’s solid growth in homebuilding underlines that sector’s weakness.“The October rebound does not undo the damage” caused by the marked slowdown in construction spending since the start of 2014, said Ian Shepherdson, chief economist at Pantheon Macroeconomics.Over the past 12 months, private residential construction spending has risen just 1.9 per cent to a rate of $353.8 billion. That lags behind total construction spending, which has climbed 3.3 per cent from a year ago to $971 billion.New-home sales have risen only 1 per cent, according to a separate Commerce Department report. Builders are largely targeting wealthier buyers. That can boost profits but often means less construction to fuel economic growth. The median price of a new home has risen 15.4 per cent in the past 12 months to $305,000, a pace that’s more than double the average annual price increase for sales of existing homes tracked by the National Association of Realtors.Still, builders are hiring at a slightly faster clip than last year. Construction companies are adding an average of 14,000 workers a month so far this year, compared with a monthly average of 11,083 in 2013. The challenge is that stronger hiring and economic growth during 2014 has yet to translate into the wage growth that could further propel construction spending and hiring.And because Tuesday’s report contained upward revisions to August and September construction spending, the sector likely fed into faster overall economic growth. The revisions suggest that gross domestic product rose at an annual rate of 4.1 per cent during the July-September quarter, rather than the 3.9 per cent figure recently reported by the Commerce Department, said Daniel Silver, an analyst at JPMorgan Chase.Architectural firms are also reporting greater demand for their services, however, a sign that construction spending should improve in the months ahead.The American Institute of Architects said that its October billings index was 53.7. Any score above 50 indicates that billings increased. A breakdown of the index suggests that municipal governments and nonprofits are spending more on architectural designs, after having kept their spending in check during the more than five-year recovery from the Great Recession.
The City of Calgary’s 19th annual Youth Hiring Fair is just around the corner and organizers are hoping those who come out are ready for the day.The fair drew more than 8,000 people last year.Jennifer MacSween with the Calgary Youth Employment Centre said there are some things job seekers can do to prepare.“Researching the companies beforehand, even stopping off at the Youth Employment Centre before the actual fair begins,” she said.She said they help 15 to 24 year olds put together a solid resume and they can meet with employment counselors.The fair runs Tuesday, March 28 from 1:30 to 6 p.m. at the Big Four Building at Stampede Park.TOP 5 TIPS FOR SUCCESSMeet with an Employment Counsellor at YEC before you attendIdentify employers of choice and conduct research before attendingKnow what you want to achieve and make a plan: you can’t meet with everyone; prioritize your top five employersDeliver an “elevator pitch” and engage the recruiters in conversation. Use the face time you have to leave a positive impactApproach with confidence, but practice your way up to your #1 choice: “Last choice first, first choice last” SEPARATE YOURSELF FROM THE COMPETITIONDress for success: dress professionally and appropriately, some employers will be conducting interviews at the hiring fairBring in a targeted resume and cover letter for each employer of interestAsk for a business card from the recruiter or a way to follow-up with them after the hiring fair and then do it!Execute your plan individually. If you plan to attend the Fair with friends break-off, do your thing, then meet up afterwards.Talk to people and NETWORK. Engage exhibitors or recruiters, talk to staff and other attendees. You never know who has valuable information that may help your either your future or current job search! Tips for job seekers headed to Youth Hiring Fair next week Jobs seekers line up at the city’s 18th annual Youth Hiring Fair on April 8, 2016. (660 NEWS) by Mike Tarasko Posted Mar 24, 2017 7:17 am MDT Last Updated Mar 24, 2017 at 7:19 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email NAIL YOUR HIRING FAIR INTERVIEW Be prepared and bring a professional binder containing: a notepad, pens, copies of your resumes, references, impactful questions to ask employers. Actively take notes during the interview, or write questions down, and show you’re engaged in the conversation.Know the employer, know yourself, and make strong connections: understand the employer/organization, the business, the customer base, the history, current projects, etc. – and how you will fit in and add value. Know why you want to work there and how you will contribute to their success.Be comfortable with silence and think before you speak! You don’t need to respond immediately after the employer asks a question. You also don’t want to end up rambling. Think about what the employer is asking you and then deliver a purposeful responseBe sure to follow-up with a thank you letter, reiterating your interest in the position, and noting something you took away from the conversation.Meet with a YEC Employment Counsellor, who conduct a tailor-made mock interviews and provide you with constructive feedback while engaging in a realistic interview preview. Practice and Rehearse: know how to respond to common questions and learn how to effectively speak to accomplishments you have outlined on your resume that allow you to stand out. Bring in written lists or responses if it will help you.