Construction Unemployment Rate Down Y-o-Y

Source: Associated Builders and Contractors  Estimated February not seasonally adjusted construction unemployment rates fell nationally and in 37 states, rose in 12 states and were unchanged in one state (Texas) on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors.  As of February 2020, the construction industry employed 208,000 […]

Construction Labor Market Still Jumps

By Roland Murphy for Arizona Builder’s Exchange Three recent reports show the economy is buzzing right along, but more frequent concerns are being expressed. The first, a Nelson J. Schwartz article published in the New York Times, pointed out the economy added 223,000 jobs in May – 33,000 more than experts had expected – to […]

$1.5T Plan Could Create 2.6M Const. Jobs. So What?

By Roland Murphy for Arizona Builder’s Exchange From the time President Donald Trump first proposed his $1.5T infrastructure package before the 2016 election, it has been swarmed by more “ifs” than answers. The most recent “if” is also one of the biggest: If it’s ever enacted, it could create 2.6 million construction jobs. A May […]

Const.’s Economic Contribution at 7 Yr. High

Source: Associated Builders and Contractors According to a report released by Associated Builders and Contractors, the private construction industry’s value added as a percentage of the nation’s real gross domestic product rose to 4 percent in 2016, the highest level since 2009. The report also shows annual growth in real construction spending, which rose 3.5 percent […]

Const. Unemployment Improves in 35 States

Source: Associated Builders and Contractors The not seasonally adjusted national construction unemployment rate was 4.7 percent in August, down 0.4 percent from a year ago and the lowest August rate on record, the U.S. Bureau of Labor Statistics reported. Unemployment rates were also down in 35 states on a year-over-year basis, according to an analysis today by Associated Builders […]