Economic News

The American Ladder Institute (ALI), the sole approved developer of safety standards for the U.S. ladder industry, has released the findings from its 2024 Ladder Safety Training and Citations Survey.

Healthy economic growth will help bolster profits for construction and manufacturing operations in 2025. Lower interest rates, a decline in inflation, a rebound in housing activity and governmental infrastructure support will generate tailwinds.

On August 30, 2024, OSHA’s proposed rule on heat injury and illness prevention in outdoor and indoor settings was published in the Federal Register, officially starting the comment period.

Townhouse construction remained elevated in the Q2 2024, as demand for medium-density housing continues to be solid despite slowing for other sectors of the housing industry.

The construction sector added 25,000 jobs in July as wage gains continued to outpace increases in the broader economy, according to an analysis of new government data from the Associated General Contractors (AGC) of America.

The Marcum Commercial Construction Index for the first quarter of 2024 reports that the construction industry continued growing despite various challenges. The index is produced by Marcum’s National Construction Services group.

The U.S. Department of Labor announced a final rule clarifying the rights of employees to authorize a representative to accompany an Occupational Safety and Health Administration compliance officer during an inspection of their workplace