The construction industry added 21,000 jobs on net in May, 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 increased by 251,000 jobs, an increase of 3.1%. Nonresidential construction employment increased by 17,100…
It’s no secret that the U.S. and New Jersey are facing a skilled labor shortage, with longtime trade workers on the brink of retirement and a significant deficiency of new workers in the pipeline. In fact, the construction industry is looking to recruit half a million workers this year to balance supply…
The construction industry had 338,000 job openings on the last day of April, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is…
National nonresidential construction spending decreased 0.3% in April, 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 $1.20 trillion. Spending was down on a monthly basis in 10 of the 16 nonresidential subcategories….
Associated Builders and Contractors today announced the filing of a complaint in the U.S. District Court for the Eastern District of Texas, Sherman Division, challenging the U.S. Department of Labor’s controversial final rule, Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees, which will change overtime regulations under the Fair…
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.4 months in April, according to an ABC member survey conducted April 22 to May 6. The reading is down 0.5 months from April 2023, but expanded 0.2 months from the prior month. View the full Construction…
Construction input prices increased 0.5% in April 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 increased 0.6% for the month. Overall construction input prices are 2.3% higher than a…
As the youngest president of the Associated Builders and Contractors of New Jersey, one of my goals is to bring new, diverse, faces to the construction industry, and that includes introducing more women to this traditionally male-dominated field. Right now, women make up just 14% of the construction workforce in the…
Associated Builders and Contractors today issued the following statement supporting United for Infrastructure’s 12th annual Infrastructure Week, May 13-17. “The importance of quality, safe, dependable infrastructure cannot be understated, and we must build public works projects to deliver the most value for the taxpayer and our communities,” said Ben Brubeck, ABC…
Construction Executive, Associated Builders and Contractors’ award-winning magazine, today announced the details of its annual photo contest. Open to all photographers—individuals and firms, amateurs and professionals alike—the contest seeks the most captivating construction snapshots: dynamic, well-composed and visually appealing images that showcase the essence of U.S. construction projects and teams. The…
© 2024 Associated Builders and Contractors New Jersey Chapter.