News - ABC New Jersey

ABC: Construction Employment Falls for Third Straight Month in August

The construction industry lost 7,000 jobs in August, 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 grown by 58,000 jobs, an increase of 0.7%. Nonresidential construction employment decreased by 1,200 positions on…

Andrew DeVito In National, News

ABC: Construction Quit Rate Plummets to 9-Year Low

The construction industry had 306,000 job openings on the last day of July, 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…

Andrew DeVito In National, News

ABC: Nonresidential Construction Spending Falls Sharply in July

National nonresidential construction spending decreased 0.2% in July, 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 $1.24 trillion. Spending was down on a monthly basis in 7 of the 16 nonresidential subcategories.…

Andrew DeVito In National, News

ABC: Construction Backlog Indicator Rises, Contractor Optimism Slips in July

Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 8.8 months in July, according to an ABC member survey conducted July 24 to Aug. 4. The reading is up 0.4 months since July 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series. Backlog…

Andrew DeVito In National, News

ABC: Construction Employment Growth Anemic in July

The construction industry added 2,000 jobs on net in July, 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 96,000 jobs, or 1.2%. Nonresidential construction employment increased by 6,400 positions on…

Andrew DeVito In National, News

ABC: Nonresidential Construction Spending Contracts in 6 of Past 7 Months

National nonresidential construction spending decreased 0.1% in June, 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 $1.241 trillion. Spending was down on a monthly basis in 9 of the 16 nonresidential subcategories.…

Andrew DeVito In National, News

ABC: Every State Had June Construction Unemployment Rates Below 10%

The national June 2025 not seasonally adjusted construction unemployment rate was 3.4%, a 0.1% increase from June 2024, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. The analysis found that 18 states had lower estimated construction unemployment rates over the same…

Jillian Stengel In Member News, Members Only, News

Free Raffle for MyLowe’s Pro Rewards Members!

Lowe's is entering all ABC New Jersey members who have joined the Lowe's Pro Rewards Program using the ABC group code 3ABC within the past year—and through the end of July—into a raffle to win a a DEWALT 8-in 20 -Volt 3 -Speed Indoor/Outdoor Yellow Jobsite Fan (DEWALT 8-in 20-Volt 3-Speed Indoor/Outdoor Yellow…

Jillian Stengel In Awards, Events, Member News

Submit Your Best Projects for the 2025 Excellence in Construction Awards

🏆 CALLING ALL CONTRACTORS – SHOWCASE YOUR BEST WORK! 🏗️ ABC New Jersey is now accepting submissions for our 2025 Excellence in Construction (EIC) Awards! This prestigious program celebrates the most outstanding projects from ABC-NJ members—honoring innovation, craftsmanship, world-class safety, and excellence in construction. Think your project has what it…

Andrew DeVito In National, News

ABC: June Nonresidential Construction Materials Prices Up 2.5% Year-Over-Year, 43% Since February 2020

Construction input prices increased 0.2% in June 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 2.1% higher than a…