National - ABC New Jersey

Construction Job Openings Increased by 19,000 in May to 366,000

The construction industry had 366,000 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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Nonresidential Construction Spending Decreases in May, First Time in Nearly a Year, Says ABC

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 $1.06 trillion. Spending declined on a monthly basis in nine of the 16 nonresidential subcategories. Private…

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Monthly Construction Input Prices Decrease in May, Says ABC

Construction input prices fell 0.6% in May compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices declined 0.5% for the month. Overall construction input prices are 3.7% lower than…

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ABC’s Construction Backlog Indicator Holds Steady in May

Associated Builders and Contractors reported today that its Construction Backlog Indicator remained unchanged at 8.9 months in May, according to an ABC member survey conducted May 20 to June 7. The reading is 0.1 months lower than in May 2022. View the historic Construction Backlog Indicator and Construction Confidence Index…

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ABC’s Construction Backlog Indicator Holds Steady in May

Jillian Stengel In National, News

Nonresidential Construction Employment Increases in May Despite Signs of Weakness in Economy

The construction industry added 25,000 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 192,000 jobs, an increase of 2.5%. Nonresidential construction employment expanded by 22,100…

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Nonresidential Construction Spending Increases in April Despite Recession Fears

National nonresidential construction spending expanded 1.9% 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 $1.05 trillion. Spending strength was broad-based, rising in 13 of the 16 nonresidential subcategories on a…

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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,…