ABC’s Construction Backlog Indicator is the only economic indicator that reflects the amount of work that will be performed by commercial and industrial construction contractors in the months ahead. The Construction Confidence Index is a diffusion index that signals construction contractors’ expectations for sales, profit margins and staffing levels. View the methodology for both indicators. 

 

News Releases

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News Releases

WASHINGTON, May 31—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 openings increased by 68,000 last month but are down by 35,000 from the same time last year.

WASHINGTON, May 30—ABC issued the following statement today in support of the recently announced bipartisan Fiscal Responsibility Act of 2023.

WASHINGTON, May 25—Associated Builders and Contractors issued the following statement from Vice President of Regulatory, Labor and State Affairs Ben Brubeck on the U.S. Supreme Court’s May 25 ruling narrowing the scope of “waters of the United States” in the Sackett v. Environmental Protection Agency case.

WASHINGTON, May 25—Associated Builders and Contractors today announced that Greg Sizemore, ABC vice president of health, safety, environment and workforce development, has been appointed by the U.S. Department of Labor to a third term as a representative for U.S. construction employers on the Occupational Health and Safety Administration’s Advisory Committee on Construction Safety and Health.

WASHINGTON, May 11—Construction input prices increased 0.2% in April compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices rose 0.4% for the month.

WASHINGTON, May 5—The construction industry added 15,000 jobs on net in April, 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 expanded by 205,000 jobs, an increase of 2.7%.

WASHINGTON, May 3—It would take 12 years for federal and state government-registered apprenticeship programs to educate the more than half a million workers the construction industry needs to hire in 2023, according to an Associated Builders and Contractors analysis of recently released U.S. Department of Labor data. ABC estimates that the construction industry’s federal and state government-registered apprenticeship system yielded just 45,000 completers of four-to-five-year apprenticeship programs in 2022.

WASHINGTON, May 2—The construction industry had 341,000 job openings in March, 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 openings decreased by 63,000 last month and are down by 72,000 from the same time last year.

WASHINGTON, May 1—National nonresidential construction spending increased by 0.7% in March, 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 $997.1 billion for the month.

ABC construction economic releases are published according to this schedule in 2023

For media inquiries, please contact Erika Walter, ABC director of media relations, at [email protected].

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