Associated Builders and Contractors reports today that its Construction Backlog Indicator and contractor confidence declined to 8.8 months in October, according to an ABC member survey conducted Oct. 20 to Nov. 4. The reading is 0.7 months higher than in October 2021. View ABC’s Construction Backlog Indicator and Construction Confidence…
The construction industry added 19,000 jobs on net in September, 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 risen by 292,000 jobs, or 3.9%. Nonresidential construction employment increased by 13,100 positions on…
The construction industry had 407,000 construction job openings in August, 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…
Construction input prices decreased 1.8% in July compared to the previous month, 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 decreased 1.8% for the month as well. Construction input prices are up 17.4% from…
Associated Builders and Contractors reported today that its Construction Backlog Indicator fell 0.2 months in July and stands at 8.7 months, according to an ABC member survey conducted July 20 to Aug. 3. The reading is up 0.2 months from July 2021. View ABC’s Construction Backlog Indicator and Construction Confidence…