Associated Builders and Contractors reports today that its Construction Backlog Indicator declined 0.2 months to 9.0 in January, according to an ABC member survey conducted Jan. 20 to Feb. 3. The reading is 1.0 month higher than in January 2022. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables…
The not seasonally adjusted national construction unemployment rate dropped 0.6% in December 2022 from a year ago, down from 5% to 4.4%, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Thirty-two states had lower unemployment rates over the same…
The construction industry added 25,000 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 risen by 294,000 jobs, an increase of 3.9%. Nonresidential construction employment increased by 19,300…
Construction Executive, the magazine of the business of construction that is published by Associated Builders and Contractors, is celebrating its 20th anniversary this month by unveiling a completely redesigned version of the print magazine with its January-February 2023 issue as well as a new, dynamic content mix on its online platforms….
National nonresidential construction spending decreased by 0.5% in December, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $943.5 billion for the month. Spending fell on a monthly basis in 10 of the…
WASHINGTON, Jan. 19—Associated Builders and Contractors released the following remarks today regarding the U.S. Department of Labor Bureau of Labor Statistics’ annual Union Members Summary. According to 2022 data, the percent of construction industry wage and salary workers belonging to unions dropped to a record low of 11.7%, a decline…
I was disappointed to read an opinion column written by Frank Mahoney, Communication Director for the Eastern Atlantic States Regional Council of Carpenters, spreading mistruths about the Associated Builders and Contractors of New Jersey (ABC-NJ) and the awards we bestow on legislators for representing the NJ construction industry. Unfortunately, this…
Construction input prices fell 2.7% in December 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 also declined 2.7% for the month. Overall construction input prices are 7.9% higher than…
Associated Builders and Contractors reports today that its Construction Backlog Indicator remained unchanged at 9.2 months in December, according to an ABC member survey conducted Dec. 20, 2022, to Jan. 5, 2023. The reading is one month higher than in December 2021. View ABC’s Construction Backlog Indicator and Construction Confidence…
The construction industry added 28,000 jobs on net in December, 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 risen by 231,000 jobs or 3.1%. Nonresidential construction employment increased by 17,900 positions on…
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