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ABC: Construction Adds 27,000 Jobs in June; Industry Unemployment Rate Plunges to Second Lowest Ever Recorded

The construction industry added 27,000 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 235,000 jobs, an increase of 2.9%. Nonresidential construction employment increased by 21,200…

Andrew DeVito In National, News

ABC: Flexibility Is Imperative for Effective Heat Safety Protections in Construction

Associated Builders and Contractors today responded to the U.S. Department of Labor’s Occupational Safety and Health Administration’s Heat Injury and Illness Prevention in Outdoor and Indoor Work Settings proposed rule. “ABC continues to believe employers should equip their employees and leadership teams to develop their own safety plans, unique to their…

Andrew DeVito In National, News

ABC: Construction Job Openings at 339,000 in May; Down By 38,000 From May 2023

The construction industry had 339,000 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…

Andrew DeVito In National, News

ABC: Nonresidential Construction Spending Slips 0.1% in May But Remains Elevated

National nonresidential construction spending decreased 0.1% 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 $1.21 trillion. Spending declined on a monthly basis in 9 of the 16 nonresidential subcategories. Private…

Andrew DeVito In National, News

ABC: Construction Materials Prices Decrease in May for the First Time Since December

Construction input prices decreased 0.9% 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 decreased 0.8% for the month. Overall construction input prices are 2.1% higher than a…

Andrew DeVito In National, News

ABC’s Construction Backlog Indicator Inches Lower in May, Contractors Remain Confident

Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.3 months in May, according to an ABC member survey conducted May 20 to June 4. The reading is down 0.6 months from May 2023. View the full Construction Backlog Indicator and Construction Confidence Index data series. Backlog…

Andrew DeVito In National, News

ABC: Nonresidential Construction Adds 17,100 Jobs in May

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…

Andrew DeVito In National, News

ABC: Construction Job Openings Decrease By 8,000 in April, Fall to Lowest Level Since March 2023

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…

Andrew DeVito In National, News

ABC: Nonresidential Construction Spending Slips 0.3% in April, Remains Near Record High

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.…

Andrew DeVito In Government Affairs, National, News

ABC Returns to Court To Fight DOL’s New Unlawful Overtime Rule

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…