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Quarterly News
November | 2022
E.J. Callahan & Associates Updates
Events
The EJC team got together for a summer outing at Pier 6 to watch the sun set on the Boston sky line.
Massachusetts Tax Updates - November 2022

EJC's Jeffrey T. Rogers, CPA, MST, discusses Massachusetts Tax Updates and their implications, such as the Chapter 62F Refunds, the Fair Share Amendment (a.k.a. The "Millionaires Tax") and the Pass-Through Entity Tax.
State Construction Unemployment Is Down in 42 States From a Year Ago

The national construction unemployment rate dropped 1.1% in September 2022 from a year ago, down from 4.5% to 3.4%, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Forty-two states had lower unemployment rates over the same period, Arkansas and Wisconsin were unchanged and six states were higher. Almost half of the states had estimated construction unemployment rates at or below 3%.
Investment in Structures Falls Again in Third Quarter Even as US Economy Expands, Says ABC

The U.S. economy expanded at a 2.6% annualized rate in the third quarter of 2022, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Economic Analysis. Investment in nonresidential structures decreased at an annual rate of 15.3% for the quarter and has now contracted in 10 of the past 12 quarters.
Welcome to the Team
The partners at EJC welcomed its new hire Class of Fall 2022: Ashley Round, Dakota Handly, Kate Powlowsky, Jeffrey Rogers, and Cathryn Scanlon. Welcome to the team!
Congratulations
Congratulations to Steve Zaremba and Alley DeGrace on their 5-year anniversaries at EJC! Thank you for all of your hard work and dedication!
Congratulations to Rob VanSchalkwyk for being selected to join the Construction Financial Management Association's (CFMA) Emerging Leaders Program.
Five Ways to Combat Workforce Challenges in the Post-Pandemic World
After eight years of steady employment growth, the pandemic created numerous workforce challenges for the construction industry, from recruiting and hiring qualified workers to supporting changing workforce needs and fostering the development of existing employees. Like most industries, construction is working to weather these challenges, adapting and expanding fundamental business approaches to retain current construction workers and attract new ones. Here are five ways construction companies can do just that.
ABC’s Construction Backlog Indicator Jumps in September; Contractor Confidence Remains Steady

ABC produces the Construction Backlog Indicator, the only economic indicator that reflects the amount of work that will be performed by commercial and industrial construction contractors in the months ahead, and the Construction Confidence Index, a diffusion index that signals construction contractors’ expectations for sales, profit margins and staffing levels.