The construction industry registered 388,000 job openings in November, 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 actively recruiting. Industry job…
National nonresidential construction spending grew 0.9% in November, 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 $930.1 billion for the month. Spending was up on a monthly basis in nine of the…
Associated Builders and Contractors today issued the following statement from Vice President of Regulatory, Labor and State Affairs Ben Brubeck on the U.S. Army Corps of Engineers and U.S. Environmental Protection Agency’s final rule revising the definition of “waters of the United States”: “By repealing the Navigable Waters Protection Rule’s…
Associated Builders and Contractors reports today that its Construction Backlog Indicator increased to 9.2 months in November, according to an ABC member survey conducted Nov. 21 to Dec. 6. The reading is 0.8 months higher than in November 2021. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for…
Construction input prices declined 0.9% in November 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 fell 0.8% for the month. Construction input prices are up 11.9% from a year…
The construction industry added 20,000 jobs on net in November, 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 248,000 jobs, an increase of 3.3%. Nonresidential construction employment increased by 16,300…
National nonresidential construction spending was down by 0.3% in October, 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 $898.4 billion for the month. Spending was down on a monthly basis in seven…
WASHINGTON, Nov. 7—Associated Builders and Contractors has submitted comments to the U.S. Department of Treasury and the Internal Revenue Service regarding implementation of tax credits for clean energy construction projects funded by the Inflation Reduction Act, contingent upon new controversial prevailing wage, apprenticeship and domestic content requirements. “The IRA’s unprecedented…
Associated Builders and Contractors reports today that its Construction Backlog Indicator and contractor confidence declined to 8.8 months in October, according to an ABC member survey conducted Oct. 20 to Nov. 4. The reading is 0.7 months higher than in October 2021. View ABC’s Construction Backlog Indicator and Construction Confidence…
WASHINGTON, Nov. 7—Associated Builders and Contractors has submitted comments to the U.S. Department of Treasury and the Internal Revenue Service regarding implementation of tax credits for clean energy construction projects funded by the Inflation Reduction Act, contingent upon new controversial prevailing wage, apprenticeship and domestic content requirements. “The IRA’s unprecedented…
© 2023 Associated Builders and Contractors New Jersey Chapter.