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October PPI Shows Unity in Year-over-Year Movement
The prices for materials (seasonally unadjusted) used in glass and glazing manufacturing have been largely mixed in 2020. However, product prices all moved in the same direction on a year-over-year basis in October 2020, according to the latest Producer Price Index (PPI) from the U.S. Bureau of Labor Statistics (BLS).
In October, the monthly PPI for flat glass in the commodity category is up 0.1% from the previous month, and 1.1% from October 2019. According to [more]
Where You Can Find All the Info You Need to Fabricate a Quality IGU
Fabricating a quality insulating glass unit (IGU) requires strict attention to a number of processes and procedures as well as quality control. Even for well-seasoned manufacturers, it’s a lot to track. Doing so doesn’t have to be difficult, as all the information required to fabricate a quality insulating glass unit successfully is available in one location.
The one-stop info source, a full binder developed by the Insulating Glass Manufacturers Alliance (IGMA), includes all active IGMA Technical [more]
A Top Ten Ranking No One Wants, But Iron Workers Hold
Safety is the most important aspect of any construction job. That’s because jobsite workers are exposed to more dangerous situations than most occupations due to the nature of the work. However, fatal occupational injuries still occur. One construction job was recently ranked in the top 25 most dangerous jobs in the U.S. by AdvisorSmith, which analyzed the U.S. Bureau of Labor Statistics Census of Fatal Occupational Injuries for 2018.
Structural iron and steel workers ranked sixth [more]
What’s 96 Years Old and Beloved in Bean Town? Hint: It’s a Contract Glazier
The Boston Business Journal has honored a 96-year old Boston-based contract glazing company by including it on its annual list of the Largest Family-Owned Businesses in Massachusetts.
Karas and Karas, which has 150 employees, ranked 21st with total 2019 revenue of $104 million. Joey Karas, president of Karas & Karas, says the business has been family-owned since it opened in 1924 with two employees.
Karas’ grandfather, Elia, who was a Russian immigrant, and his grandfather’s cousin traveled [more]
Employment Figures Steadily Improve but Lean Toward Part-Time Work
The U.S. Department of Labor released its latest employment figures earlier this month, showing an increase in the number of jobs added and a downward trend for unemployment claims. October posted a gain of 638,000 jobs among nonfarm payroll and after six months of steady—albeit slow—improvement, unemployment reached 6.9%. Even with those improvements, unemployment remains nearly three percentage points higher than the two-year trend set ahead of COVID-19.
Regarding glass and glazing industry-related positions, employment in [more]
Economist: Full U.S. Economic Recovery Relies on Vaccine, Job Growth
A full U.S. economic recovery depends on many factors, but one of the things Cris deRitis, deputy chief economist for Moody’s Analytics, can say for certain is that the labor market structure is changing. He presented a general U.S. economic outlook for 2021 during the Dodge Construction Outlook 2021 Virtual Conference last week.
The U.S. economy saw modest growth in GDP last year, up approximately 2.3%. However, there was a 10% drop in output at the [more]
Judge Dismisses Insurance Provider’s Attempt to Cap Coverage in Tornado Suit
Pilkington North America will be allowed to continue seeking up to $85 million in coverage from Mitsui Sumitomo Insurance Company of America (MSI) in addition to the $15 million it’s already received following a tornado that damaged its Ottawa, Ill., plant in February 2017.
U.S. District Judge John Keenan has granted a motion by Pilkington North America to dismiss MSI’s counterclaims in which it sought to cap its coverage duty at $15 million and to prevent [more]
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