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From the monthly archives: January 2017

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

Construction Unemployment Rates Improve in 26 States Year-Over-Year

Tuesday, January 31, 2017 9:00 AM
WASHINGTON, D.C., Jan 31.—December not seasonally adjusted (NSA) construction unemployment rates were down in 26 states and the nation on a year-over-year basis, according to analysis released today by Associated Builders and Contractors (ABC). The rates for two states, Iowa and Wisconsin, were unchanged from December 2015. The national NSA construction unemployment rate of 7.4 percent was down 0.1 percent from a year ago, according to data from the U.S. Bureau of Labor Statistics (BLS). Read the rest of entry »

Nonresidential Fixed Investment Expands 2.4 Percent, but U.S. Economic Growth Slows in Fourth Quarter

Friday, January 27, 2017 12:05 PM
WASHINGTON, D.C., Jan. 27—The improved performance of the U.S. economy during last year’s third quarter gave way to a weaker period of growth in the fourth, according to analysis of U.S. Bureau of Economic Analysis data released today by Associated Builders and Contractors (ABC). Real gross domestic product (GDP) expanded 1.9 percent on a seasonally adjusted annualized rate during 2016’s final quarter, down from a 3.5 percent expansion in the third quarter. While the fourth quarter represents the 11th consecutive quarter of GDP expansion, overall GDP growth for 2016 totaled 1.6 percent, the slowest rate of
expansion since 2011. Read the rest of entry »

Overall Construction Input Prices Firm in December as Energy Prices Surge

Friday, January 13, 2017 11:11 AM
WASHINGTON, D.C., Jan. 13—Construction input prices rebounded in December after experiencing a steep decline in November, according to analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC). Input prices rose 0.4 percent for the month and are up 2.1 percent year-over-year, the largest 12-month increase in 30 months. Read the rest of entry »

Free Enterprise Momentum Continues with Passage of Prevailing Wage Repeal and Right to Work Laws in Kentucky

Saturday, January 7, 2017 11:50 AM
WASHINGTON, D.C., Jan. 7– Associated Builders and Contractors (ABC) today commended the Kentucky Senate’s passage of bills that would end forced unionization and repeal the state’s wasteful prevailing wage law. Read the rest of entry »

Construction Lost Jobs in December

Friday, January 6, 2017 11:30 AM
WASHINGTON, D.C., Jan. 6—National construction employment declined by 3,000 net jobs on a seasonally adjusted basis in December, according to analysis of  U.S. Bureau of Labor Statistics data released today by the Associated Builders and Contractors (ABC).  Read the rest of entry »

Construction Unemployment Rates Improve in 38 States Year-Over-Year

Wednesday, January 4, 2017 9:00 AM
WASHINGTON, D.C., Jan. 4—November not seasonally adjusted (NSA) construction unemployment rates were down in 38 states and the nation on a year-over-year basis, according to analysis released today by Associated Builders and Contractors (ABC). The rates for two states, Kansas and Texas, were unchanged from November 2015. The national NSA construction unemployment rate of 5.7 percent was down 0.5 percent from a year ago and unchanged from October, according to data from the Bureau of Labor Statistics (BLS). Read the rest of entry »

Nonresidential Spending Thrives in Strong November Spending Report

Tuesday, January 3, 2017 12:58 PM
WASHINGTON, D.C., Jan. 3—Nonresidential construction surged in November, according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential spending expanded to $712.4 billion on a seasonally adjusted, annualized rate in November, representing the highest level of spending in eight years. Read the rest of entry »

Gaylor Electric President Chuck Goodrich Begins Term as ABC National Chair

Tuesday, January 3, 2017 10:48 AM
WASHINGTON, D.C., Jan. 3 – Chuck Goodrich, president of Gaylor Electric Inc., an Indianapolis-based, national electrical contractor, began his term as the 2017 chair of Associated Builders and Contractors (ABC) on Jan. 1, 2017. As chair, Goodrich will guide the 21,000-member association’s national initiatives and lead ABC’s Executive Committee and 170-member Board of Directors. Read the rest of entry »