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ABC Construction Backlog Indicator Falls Sharply for Small Contractors, Increases for Large Contractors in October, Contractors’ Confidence Dips

Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 8.4 months in October from 9.0 months in September, according to an ABC member survey conducted from Oct. 19 to Nov. 2. The reading is down 0.4 months from October 2022. View ABC’s Construction Backlog Indicator and…

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Nonresidential Construction Employment Increased in October, Industry Wage Growth Outpaces Economywide Average, Says ABC

The construction industry added 23,000 jobs on net in October, 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 219,000 jobs, an increase of 2.8%. Nonresidential construction employment increased by 8,400…

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IRS Must Provide Clarity, Withdraw Anti-Competitive Labor Policies from Inflation Reduction Act’s Clean Energy Construction Tax Credit Rules

Associated Builders and Contractors submitted comments to the U.S. Treasury Department’s Internal Revenue Service in response to a proposed rule implementing controversial labor policies through changes to the federal tax code by the ABC-opposed Inflation Reduction Act. ABC called on the IRS to provide further clarity and withdraw anti-competitive aspects of the…

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NLRB Joint Employer Final Rule Will Harm Small Businesses

Associated Builders and Contractors today released the following statement on the National Labor Relations Board’s joint employer final rule. The final rule rescinds and replaces the ABC-supported 2020 NLRB joint employer final rule, which provided clear criteria for companies to apply when determining their joint employer status. “Unfortunately, the Biden NLRB decided to dramatically…

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98% of ABC Contractors Say Biden’s Inflation Reduction Act Labor Mandates Limit Competition on Clean Energy Construction

According to an October 2023 survey of ABC contractor members published today, 98% of respondents stated that controversial prevailing wage and government-registered apprenticeship policies imposed by the Inflation Reduction Act will make them less likely to bid on clean energy projects. The survey gauged ABC members’ responses to a proposed…

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