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…
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…
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…
Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 8.7 months in March, according to an ABC member survey conducted March 20 to April 3. The reading is 0.4 months higher than in March 2022. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for…
The construction industry lost 9,000 jobs on net in March, 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 196,000 jobs, an increase of 2.5%. Nonresidential construction employment fell by 1,800…
The construction industry supported 412,000 job openings in February, 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 increased 0.4% in February, 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 $982.2 billion for the month. Spending declined on a monthly basis in 9 of the 16…
Associated Builders and Contractors today released the following statement applauding the bipartisan U.S. House of Representative passage of H.R. 1, the Lower Energy Costs Act. “ABC thanks lawmakers on both sides of the aisle who acted today to lower energy costs and cut red tape for American families, small businesses…
Associated Builders and Contractors today announced it is the 2023 recipient of Construction Working Minds’ Mental Health Visionary Award for its leadership in strengthening total human health in the construction industry. ABC received the award from the Construction Industry Alliance for Suicide Prevention and United Suicide Survivors International at the…
Associated Builders and Contractors member Aric Dreher, assistant general manager, Cianbro, headquartered in Pittsfield, Maine, today testified before the U.S. House of Representatives Transportation and Infrastructure Subcommittee on Highways and Transit during the hearing “Reviewing the Implementation of the Infrastructure Investment and Jobs Act.” Testifying on behalf of ABC, Dreher…
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