National - Associated Builders and Contractors New Jersey Chapter

Construction Job Openings Increase By 68,000 in April

The construction industry had 383,000 job openings in 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 actively recruiting. Industry job…

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ABC Supports Bipartisan Bill To Avoid Default, Limit Government Spending and Reform the Permitting Process

ABC issued the following statement today in support of the recently announced bipartisan Fiscal Responsibility Act of 2023. “ABC applauds the agreement between U.S. House Republicans and President Joe Biden to address the debt ceiling and limit government spending to help secure the economic future of the United States. The…

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ABC Applauds Supreme Court’s Ruling That Narrows Scope of WOTUS

Associated Builders and Contractors issued the following statement from Vice President of Regulatory, Labor and State Affairs Ben Brubeck on the U.S. Supreme Court’s May 25 ruling narrowing the scope of “waters of the United States” in the Sackett v. Environmental Protection Agency case. “By rejecting the ‘significant nexus’ test,…

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ABC Construction Backlog Indicator Rebounds in April

Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.9 months in April from 8.7 in March, according to an ABC member survey conducted April 20 to May 3. The reading is 0.1 months higher than in April 2022. View ABC’s Construction Backlog Indicator and Construction…

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Construction Adds 15,000 Jobs in April

The construction industry added 15,000 jobs on net in April, 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 expanded by 205,000 jobs, an increase of 2.7%. Nonresidential construction employment rose by 800 positions…

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Government-Registered Apprenticeship System Alone Won’t Solve Construction Labor Shortage

It would take 12 years for federal and state government-registered apprenticeship programs to educate the more than half a million workers the construction industry needs to hire in 2023, according to an Associated Builders and Contractors analysis of recently released U.S. Department of Labor data. ABC estimates that the construction…

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Construction Unemployment Is Down in 32 States From a Year Ago

The not seasonally adjusted national construction unemployment rate dropped 0.4% in March 2023 from a year ago, down from 6% to 5.6%, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Thirty-two states had lower unemployment rates over the same…

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Construction Job Openings Down By 63,000 in March

The construction industry had 341,000 job openings in March, 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…

Jillian Stengel In National, News

Nonresidential Construction Spending Increases By 0.7% in March

National nonresidential construction spending increased by 0.7% in March, 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 $997.1 billion for the month. Spending increased on a monthly basis in 8 of the…

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March Construction Input Prices Down Year-Over-Year for First Time Since August 2020, Still 39% Higher Than February 2020

Construction input prices increased 0.2% in March, 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 rose 0.4% for the month. Overall construction input prices are 0.9% lower than in March 2022, while nonresidential construction…