The Census Dept. updated the second quarter GDP growth to 3.1 percent, a healthy jump following a 1.2 percent increase from Jan-March. Economists expect the remainder of 2017 to grow at a similar pace. First time unemployment claims were slightly higher than expected at 272,000, but remain very low. Unemployment in Pittsburgh fell significantly year-over-year. Pittsburgh's unemployment rate decreased from 5.8 percent in August 2016 to 4.9 percent in August 2017. The negative side of the decline in unemployment is that the drop is driven by a decrease of 19,500 in the number of people in the labor force. The number of unemployed decreased by 11,800.
Michael Filoni accepts the James Kling Fellowship award on behalf of his father Albert. The honor is awarded by the AIA-MBA Joint Committee to the architect or contractor who exemplies the spirit of collaboration in the construction industry.
The biggest project news is in the public sector right now. Two major highway projects have been put out to bid by PennDOT. Bids will be taken on Oct. 19 for a $25 million repair of what is called the "middle section" on I-79 near Harmony/Prospect and on Nov. 2 for the $70 million PA Rte. 31 interchange on I-70 in Westmoreland County. The State College Area School District's $55 million elementary school program is out-to-bid, due Oct. 31. The new edition of BreakingGround features a look at the state of public construction. Get a jump on print readers by viewing the digital version.
Healthcare remains one of the big drivers in the private sector, in spite of UPMC's decision to abandon plans for a new $220 million hospital at Newbury in South Fayette Township. The health system's five-year plan still includes $900 million in capital spending. Allegheny Health Network interviewed a short list of Mascaro, Mosites and Graziano for its new $15 million cancer center in Butler.
Tall Timber Group is the publisher of BreakingGround and DEVELOPINGPittsburgh magazines and the Pittsburgh Homebuilding Report, and is a consultant for contractors and designers serving the construction and real estate market. For more information about our services, contact Jeff Burd or call:
Tall Timber Group 506B McKnight Park Dr. Pittsburgh, Pennsylvania 15237 412-366-1857