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ABC: Nonresidential Construction Adds 19K Jobs in April

William Attardi on May 11, 2026

The construction industry added 9,000 jobs on net in April, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 50,000 jobs, an increase of 0.6%. Nonresidential construction employment increased by 19,000 positions, with gains in all three subcategories. Nonresidential specialty traded added the most jobs, increasing by 12,600 positions. Nonresidential building and heavy and civil engineering added 5,600 and 800 jobs, respectively, in April. The construction unemployment rate was 3.8% in April. Unemployment across all industries remained unchanged at 4.3% and is 0.1 percentage point higher than it was a year ago.  ABC: Nonresidential Construction Adds 19K Jobs in April

Weekly Jobless Claims Hits Lowest Level in 5 Decades

William Attardi on May 1, 2026

The number of Americans filing for unemployment benefits last week fell to its lowest level in more than 50 years, according to the latest report from the U.S. Department of Labor.  In the week ending April 25, the advance figure for seasonally adjusted initial claimswas 189,000, a decrease of 26,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 214,000 to 215,000. The 4-week moving average was 207,500, a decrease of 3,500 from the previous week’s revised average. The previous week’s average was revised up by 250 from 210,750 to 211,000. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending April 18, unchanged from the previous week’s unrevised rate. Weekly Jobless Claims Hits Lowest Level in 5 Decades – tEDmag

Manufacturing PMI® at 52.7% – March 2026 ISM® Manufacturing PMI® Report

William Attardi on April 3, 2026

US manufacturing activity expanded for a third consecutive month in March, with the Institute for Supply Management’s manufacturing PMI measuring 52.7, up slightly from 52.4 in February. New orders dropped from 55.8 to 53.5, while production rose 1.6 points to 55.1. Supplier deliveries increased 3.8 points to 58.9, and employment contracted 0.1 points to 48.7. Institute for Supply Management

US Jobless Claims Inch Up, Labor Market Remains Stable

William Attardi on March 27, 2026

The number of Americans filing for unemployment benefits rose slightly last week, signaling a labor market that remains steady despite ongoing economic uncertainty. New data from the U.S. Department of Labor for the week ending March 21 shows initial jobless claims increased by 5,000 to 210,000. The four-week moving average was 210,500, a decrease of 250 from the previous week. At the same time, continuing claims fell to 1.82 million, the lowest level since May 2024. The figures suggest layoffs remain relatively low and employers are largely holding onto workers.  US Jobless Claims Inch Up, Labor Market Remains Stable – tEDmag

U.S. Jobs Suffer Broad, Surprise Drop-Off by Justin Lahart

William Attardi on March 8, 2026

The U.S. lost 92,000 jobs in February, a widespread and unexpected downturn for a job market that continues to struggle across a broad range of sectors. The employment numbers, reported Friday by the Labor Department, fell far short of January’s gain of 126,000 jobs. They were also much worse than the gain of 50,000 jobs that economists polled by The Wall Street Journal had expected to see. The unemployment rate ticked slightly higher to 4.4%. While that is still low, the Friday report exposes troubling weaknesses in a labor market that has shown very little employment growth in recent months. rdHkKlPag6piGjbFnd01-WSJNewsPaper-3-7-2026.pdf

ABC: Nonresidential Construction Adds Solid 27,900 Jobs in January

William Attardi on February 12, 2026

The construction industry added 33,000 jobs on net in January, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has grown by 44,000 jobs, an increase of 0.5%. Nonresidential construction employment expanded by 27,900 positions, with gains in 2 of the 3 subcategories. Nonresidential specialty trade added 25,100 jobs, while nonresidential building added 3,600 new positions. Heavy and civil engineering lost 800 jobs in January. The construction unemployment rate was 6.9% in January. Unemployment across all industries decreased to 4.3% and is 0.3 percentage points higher than one year ago. ABC: Nonresidential Construction Adds Solid 27,900 Jobs in January

Faster Economic Growth, Weaker Hiring Seen by Harriet Torry and Anthony DeBarros

William Attardi on October 13, 2025

Prospects for U.S. economic growth are looking up, as investment in artificial intelligence booms and risks around tariffs diminish, according to economists surveyed by The Wall Street Journal. Even as the economists have raised estimates for economic growth, they have lowered prospects for jobs. Behind the strange dichotomy: Employers are reluctant to hire given political uncertainty and rising costs, even as their investment, especially in AI, is boosting productivity and economic growth.  That slower job growth, however, won’t translate into notably higher unemployment, because the Trump administration’s crackdown on immigration is reducing the supply of workers. Economists expect the jobless rate to hover around 4.5% over the next year. It was 4.3% in August.  tCTlJoMg7sMgno0naAXk-WSJNewsPaper-10-13-2025.pdf

US Labor Market Remains Resilient, Unemployment Rate Falls

William Attardi on July 3, 2025

The job gains were significantly larger than expected and the unemployment rate ticked down in May. S. employers added 147,000 jobs in June and beat economists’ expectations of fewer than 118,000 new jobs as the American labor market continues to show surprising resilience despite uncertainty over President Donald Trump’s economic policies. The unemployment rate ticked down to 4.1% from 4.2% in May, the Labor Department said Thursday. US Labor Market Remains Resilient, Unemployment Rate Falls – tEDmag

US Unemployment Hovers at Historically Low Levels

William Attardi on June 22, 2025

 The number of Americans applying for unemployment benefits dipped to 245,000 last week, hovering at historically low levels, the Labor Department said Wednesday. The number of Americans collecting unemployment benefits the week of June 7 slid to 1.95 million. Weekly unemployment claims are a proxy for layoffs and mostly have stayed within a healthy band of 200,000 to 250,000 since the economy recovered from a brief but painful COVID-19 recession in 2020, which temporarily wiped out millions of jobs. US Unemployment Hovers at Historically Low Levels – tEDmag

It’s Back to School – How Some of Our Most Acknowledged Universities Got Their Name – Who were the true visionaries who would donate half of their estate to sculpting the minds of the future. These stories are monuments to history and culture. Let’s take a stroll through academia’s memory lane and uncover the origins of these storied university names!

  1. Ah, Harvard! The Ivy League giant was once a small college in the Massachusetts Bay Colony settlement called New Towne. But where did “Harvard” come from? Enter John Harvard, a clergyman who, in 1638, decided to bequeath half his estate and his library (a whopping 400 books!) to the fledgling college. Grateful for this generous gift, they promptly named the institution after him.
  2. A gem of New Haven, Connecticut, Yale is another Ivy League powerhouse known for its prestigious law and drama schools. It owes its name to Elihu Yale, a wealthy merchant who, in 1718, donated a modest shipment of goods (including portraits, books, and textiles) to a struggling collegiate school. Those goods were auctioned off, raising a much-needed £562 –a small fortune at the time.
  3. Dartmouth is renowned for its beautiful rural setting, nestled in the picturesque town of Hanover, New Hampshire. It was named after the Earl of Dartmouth, William Legge, a British nobleman who supported the college’s founding –despite never actually setting foot in America!
  4. Brown, this Rhode Island Ivy University, known for its open curriculum and emphasis on student choice, was founded with a mouthful of a name – the College in the English Colony of Rhode Island and Providence Plantations. It was renamed in 1704 for Nicholas Brown, Jr., a prominent merchant whose family donated generously to the school.
  5. Perched atop a hill overlooking Ithaca, New York, Cornell is celebrated for its diverse academic programs and its stunning natural surroundings. Founded by Ezra Cornell and Andrew Dickson White, this university was unique for its commitment to practical education, allowing students the freedom to choose their own course of study. It was a revolutionary notion at the time, which would guide a curricular reform across the country.
  6. Located in the heart of Silicon Valley, Stanford is renowned for its entrepreneurial spirit and its close ties to the tech industry. But this California powerhouse has a touching origin story. Leland Stanford, Jr., the founder’s son, tragically died young from typhoid fever. His father Leland Sr., railroad magnate and former state governor, and his mother Jane, founded the university in his memory, ensuring his legacy lived on through the pursuit of knowledge.
  7. This North Carolina research giant, known for its strong medical and law schools, underwent a bit of a name change in its history. Originally called Trinity College, it was renamed Duke University in 1924 after James Buchanan Duke, a tobacco and electric power industrialist who founded the American Tobacco Company. He established The Duke Endowment, to which he donated throughout his life and left half his estate after his death.
  8. Nestled in Nashville, Tennessee, Vanderbilt is a renowned research university with a vibrant campus life. It owes its name to “The Commodore,” Cornelius Vanderbilt, a shipping and railroad magnate, who provided the initial gift to establish the university.
  9. Texas businessman William Marsh Rice provided the initial funding for this Houston university, but did not live to see its opening. He was murdered by his valet as he slept, in a plot to forge the man’s will. Despite the unfortunate circumstances, Rice University flourished through the years, becoming an institution known for its strong engineering and science programs.
  10. Who was Harvard named after? Origin of university names