Associated Builders and Contractors' (ABC) state-level data series includes an annual breakdown of construction’s contribution to each state’s gross domestic product in addition to monthly updates on state-level construction unemployment. The monthly state employment data are analyzed by Dr. Bernard Markstein and will be released each month according to this schedule.

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From the monthly archives: November 2017

We are pleased to present below all posts archived in 'November 2017'. If you still can't find what you are looking for, try using the search box.

Hurricane Recovery Helps Construction Unemployment Rate Hit Lowest October Mark on Record

WASHINGTON, Nov. 28—The not seasonally adjusted (NSA) national construction unemployment rate was 4.5 percent in October, down 1.2 percent from a year ago, the U.S. Bureau of Labor Statistics (BLS) reported. It was the lowest October rate on record, matching the rate in 2006, according to analysis released today by Associated Builders and Contractors (ABC). Further, the construction industry employed 180,000 more workers than in October 2016. Construction unemployment rates were also down in 44 states on a year-over-year basis, unchanged in one (South Dakota) and up in five states.
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Construction's Contribution to U.S. Economy Highest in Seven Years

From 1997 to 2016, the real (inflation-adjusted) value added by the private construction industry as a percentage of real GDP declined nationally from a high of 6.2 percent in 1997 and 1998 to a low of 3.7 percent in 2011. By 2016, the measure had risen to 4 percent, matching the 2009 percentage, and its highest level since 2008 when it was 4.5 percent.
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