Construction Employment Continues to Recover
Source: Associated Builders and Contractors Construction industry employment expanded by 16,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. Over the last four months, the industry added 658,000 jobs, recovering approximately 61 percent of the jobs lost during March and April. The construction unemployment rate, which reached 16.6 percent in […]
Construction Output Drops Significantly
Source: Associated Builders and Contractors The U.S. economy contracted at an annualized rate of 32.9 percent during the second quarter of 2020, according to an Associated Builders and Contractors analysis of data by the U.S. Bureau of Economic Analysis. Nonresidential and residential fixed investment contracted by 27.0 and 38.7 percent, respectively, while investment in nonresidential fixed structures contracted by […]
Input Prices Up in May
Source: Associated Builders and Contractors Construction input prices rose 0.8 percent in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices rose by 0.8 percent for the month as well. Of the 11 subcategories, only three experienced monthly decreases, with […]
Construction Employment Dropped in March
Source: Associated Builders and Contractors Construction industry employment declined by 29,000 in March, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. Nonresidential construction employment declined by 24,600 in March. All three nonresidential segments registered job losses, with the largest decrease experienced in nonresidential building (-10,700) followed closely by heavy and civil […]
Infrastructure Spending Drives Strong Q4
Source: Marcum LLP The Marcum Commercial Construction Index for the fourth quarter of 2019 reports healthy levels of construction spending, in large part due to the ongoing strength in infrastructure-related categories. Nonresidential construction spending stood at an annualized rate of $779.6B in December 2019, down 1.2 percent from the previous month but up 4.4 percent year-over-year. The […]
Jan. Nonresidential Construction Employment Rises
Source: Associated Builders and Contractors The construction industry added 44,000 net new jobs in January, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 142,000 jobs, an increase of 1.9 percent. Nonresidential construction employment increased by 23,800 […]
ABC’s Const. Backlog Indicator Dips in Nov.
Source: Associated Builders and Contractors Associated Builders and Contractors reported its Construction Backlog Indicator fell slightly to 8.8 months in November, a 1.5 percent decline from October’s reading. “Nonresidential construction backlog has generally been trending lower since the spring of 2019, but as a practical matter, this represents little cause for concern,” said ABC Chief […]