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…
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…
ABC-NJ is pleased to announce the 2023 Excellence in Construction Awards Competition. This competition is an opportunity to have your project(s) join other Merit Shop projects and be recognized by ABC-NJ as the “Best of the Best”. Winners and participants will be recognized at our Excellence in Construction Awards Dinner…
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…
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…
The 2023 Robert Risnychok Associated Builders & Contractors Past Presidents Memorial Scholarship will be presented to the high school senior or college student who is a child or grandchild of an ABC-NJ Chapter member and has been judged the recipient by the Associated Builders and Contractors Association Scholarship Committee. The…
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…
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…
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…
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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