68.5 Speaker Jason Jennings spoke at the recent Embassy Group Shareholders Meeting in Chicago and revealed some interesting labor-related data, including results of a Gallup Poll of the American workforce that shows 68.5% of American workers say they are not engaged or actively disengaged from their job. 53 More from Jennings, according to a Towers Watson global workforce study, 53% of Americans employees have little confidence in their leaders and think their senior leaders have little in them. 84 And finally from Jennings, via a University of Chicago general social survey, 84% of all workers believe most people can’t be trusted. 6 From Dodge Data & Analytics, the value of new construction starts in July advanced 6% from the previous month to a seasonally adjusted rate of $728 billion. Leading the way, Dodge notes, is a 26% jump by the non-building construction sector, which reflected an improved level for public works and the start of two massive power plants in California and New York. 8 Also via Dodge, residential building in July increased 8% with multifamily housing rebounding after three consecutive monthly declines. Running counter was a 7% slide for nonresidential building following its 14% hike in June with both office buildings and hotels retreating from June’s elevated activity. 1.4 U.S. service center steel shipments in July increased by 1.4% from July 2016, this according to data from Metals Service Center Institute. Steel product inventories decreased 3.9% from July 2016. Shipments of aluminum products increased 4.8% in July year over year, while aluminum inventories rose 1.3% from July 2016. 3.6 From the Air-Conditioning Heating & Refrigeration Institute, as of early August, year-to-date shipments of residential gas storage water heaters increased 3.6% to 2,231,051 compared to 2,152,855 shipped during the same period in 2016. Residential electric storage water-heater shipments increased 4% year to date to 2,091,748 units.
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