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ABC's Construction Economic Update covers the latest commercial and industrial construction economic news. Delivered electronically, it provides an analysis of the monthly economic indices released by the federal government, including construction spending, employment, the producer price index and the quarterly gross domestic product.  

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From the category archives: Employment

Employment

Construction Remains One of Economy’s Bright Spots

The U.S. construction industry added 37,000 net new jobs in March according to an analysis of today’s  the U.S. Bureau of Labor Statistics release by Associated Builders and Contractors (ABC). On a year-over-year basis, construction employment expanded by 301,000 net new jobs, the industry’s largest annual increase since May 2015.  The industry added 20,000 net new jobs in February (revised upward from 19,000) and 18,000 net new jobs in January. Read the rest of entry »

Construction Employment Growth Slow but Steady

WASHINGTON, D.C., March, 4—The U.S. construction industry added 19,000 net new jobs in February according to an analysis of today's U.S. Bureau of Labor Statistics employment release by Associated Builders and Contractors (ABC). Year-over-year, the industry has added 253,000 net new jobs, an increase of 4 percent. The nonresidential sector added only 2,800 net new jobs in February after adding 3,600 jobs in January (revised upward from 2,900). Nonresidential specialty trade contractors lost jobs for the second consecutive month, while residential specialty trade contractors added 13,800 net new jobs in February—more than the other four subsectors combined. The civil and heavy engineering category continued its tepid growth, adding just 700 net new jobs for the month. Read the rest of entry »

Construction Unemployment Rose in January

WASHINGTON, D.C., Feb. 5—The U.S. construction industry’s unemployment rate rose to 8.5 percent in January, the highest level since March of 2015, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC). The unemployment rate across all industries shed a tenth of a percentage point and now sits at 4.9 percent, the lowest level since February of 2008. Read the rest of entry »

Construction Employment Surges at Year’s End

WASHINGTON, D.C., Jan. 8- The U.S. construction industry showed robust growth at the end of 2015, adding 45,000 net new jobs in December and 128,000 during the fourth quarter according to analysis of today’s employment release from the U.S. Bureau of Labor Statistics by Associated Builders and Contractors (ABC). The construction industry’s nonresidential component added 16,400 net new jobs in December while the residential sector accounted for 23,100 and the heavy and civil engineering sector contributed 4,800. Read the rest of entry »

Construction Industry Leads November Jobs Report

Construction employment expanded by 46,000 net new jobs in November after adding 34,000 jobs in October (revised upward by 3,000), according to an analysis of today’s employment release from the U.S. Department of Labor provided by Associated Builders and Contractors Chief Economist Anirban Basu..  Nonresidential construction employment increased by 9,300 jobs in November after adding 19,400 jobs during the prior month (revised downward from 20,100). The residential construction sector added 32,100 positions in November after adding just 8,500 jobs in October.
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Construction’s Percentage Job Gains Lead All Economic Sectors in October

WASHINGTON, D.C., Nov. 6—The U.S. construction industry added more jobs in October than during the previous four months combined, according to an analysis of Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC). Construction employment expanded by 31,000 net new jobs last month after adding 12,000 jobs in September (revised upward from 8,000). Nonresidential construction employment increased by 20,100 jobs in October after adding 11,100 jobs in September (revised upward from 6,800). Read the rest of entry »

Construction Employment Rises Despite Lackluster National Jobs Report

U.S. construction industry employment edged higher in September despite a disappointing jobs report for the overall U.S. economy. The number of construction jobs expanded by 8,000 on a net basis in September, with nonresidential builders and specialty trade contractors collectively creating 6,800 of those net new jobs. The number of jobs in the heavy and civil engineering category declined by 2,200, however. Read the rest of entry »

Nonresidential Construction Employment Downtick No Cause for Concern

Nonresidential construction employment fell by 700 jobs in August after losing 5,600 jobs in July and 800 jobs in June. Despite the recent slide, nonresidential construction employment is still up 38,800 jobs for the year. 
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Difficulty in Finding Skilled Construction Workers Evident in Jobs Report

U.S. construction industry employment rose 0.1 percent in July and added 6,000 net new jobs, while the construction unemployment rate shed 0.8 percentage points and now stands at 5.5 percent. Nonresidential construction employment fell by 4,600 jobs in July after losing 800 jobs in June. Nonresidential specialty trade contractors lost 3,700 jobs for the month, while the nonresidential building sector declined by 900 jobs. Residential construction and the heavy and civil engineering segment added 8,200 and 2,900 net new jobs in July, respectively. Read the rest of entry »

Nonresidential Construction Employment Remains Essentially Unchanged in June

U.S. construction industry employment was effectively unchanged in June, according to the Bureau of Labor Statistics preliminary estimate released July 2, 2015. May’s estimate was revised downward from 17,000 to 15,000 net new jobs. Nonresidential construction lost 1,100 jobs in June, with nonresidential specialty trade contractors losing 5,600 jobs and the nonresidential building segment gaining 4,500 jobs. Residential construction shed 2,400 jobs for the months. The heavy and civil engineering segment added 3,800 net new jobs in June. 
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