The construction industry added 15,000 jobs on net in June, 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 121,000 jobs, or 1.5%. Nonresidential construction employment expanded by 9,200 positions on…
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Associated Builders and Contractors today applauded the U.S. Senate’s passage of H.R. 1, the One Big Beautiful Bill Act, as critical legislation delivering much-needed tax relief to the U.S. construction industry and other Main Street businesses. ABC and its 67 chapters, representing more than 23,000 member companies and millions of…
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The construction industry had 245,000 job openings on the last day of May, 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…
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National nonresidential construction spending decreased 0.2% in May, 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 $1.237 trillion. Spending was down on a monthly basis in half of the nonresidential subcategories. Private…
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Construction input prices increased 0.2% 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 increased 0.3% for the month. Overall construction input prices are 1.3% higher than a…
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Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.4 months in May, according to an ABC member survey conducted May 20 to June 3. The reading is up 0.1 months since May 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series. While…
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The construction industry added 4,000 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 126,000 jobs, an increase of 1.5%. Nonresidential construction employment increased by 11,300…
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Associated Builders and Contractors today announced the renewal of its 12-year strategic partnership with Fringe Benefit Group, a leading provider of benefit solutions for government contractors, staffing companies, restaurants and retail outlets. The new three-year agreement reinforces ABC and FBG’s shared commitment to supporting contractors working in the prevailing wage space and…
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The construction industry had 248,000 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…
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In light of the administration’s ongoing immigration-related actions, we are providing resources from ABC general counsel Littler. ABC recommends every contractor take all precautions in the hiring process to verify each potential employee is eligible to work legally in the United States, including using the E-Verify system. ABC’s goal is to work…
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