ABC issues news releases on the latest workforce, policy and industry issues, as well as construction-related economic data and trends. Commercial and industrial construction economic analyses include federal data on construction spending, employment, job openings, GDP and the Producer Price Index. 

In addition, ABC produces the Construction Backlog Indicator, the only economic indicator that reflects the amount of work that will be performed by commercial and industrial construction contractors in the months ahead, and the Construction Confidence Index, a diffusion index that signals construction contractors’ expectations for sales, profit margins and staffing levels. Methodology for both indicators can be found hereABC construction economic releases are published according to this schedule 

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From category archives: News Releases

Construction Economic Update

Construction Employment Resumes Growth in October

Tuesday, October 22, 2013 12:17 PM
Overall national construction employment rose by 20,000 jobs in September, with nonresidential construction employment gaining 12,000 positions, according to an Oct. 22 report by the Department of Labor. The national construction unemployment rate stood at 8.5 percent in September on a non-seasonally adjusted basis, down from 9.1 percent in August and 11.9 percent at the same time last year.
Since September 2012, the construction industry has added 193,000 jobs, or 3.4 percent. Of that total, 37 percent is attributable to nonresidential activities, down from 42 percent in August 2013. 
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Construction Materials Prices Remain Stable, Rise Only 0.3 Percent in August

Friday, September 13, 2013 11:46 AM
Construction materials prices rose only 0.3 percent in August and are up 1.4 percent year over year, according to the Sept. 13 Producer Price Index release by the Department of Labor. In addition, nonresidential construction materials increased 0.5 percent for the month and are 1.2 percent higher than one year ago.
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Nonresidential Construction Employment Dips in August

Friday, September 6, 2013 11:19 AM
While overall national construction employment remained unchanged in August, nonresidential construction lost 3,300 jobs, according to the Sept. 6 employment report by the U.S. Department of Labor. Construction industry employment has grown 3 percent, adding 168,000 jobs, since the same time last year. Nonresidential construction accounted for 42 percent of that growth—making August a deviation from what generally has been a positive nonresidential construction employment trend.
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Construction Spending Rises 0.6 Percent in July

Tuesday, September 3, 2013 12:08 PM
The nation’s builders were busy in July as construction spending increased 0.6 percent to $900.8 billion—the largest upswing in four years—according to the Sept. 3 report by the U.S. Commerce Department. Nonresidential construction spending also rose 0.6 percent in July, but is down 0.8 percent compared to one year ago.
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Construction Materials Prices Remain Flat in July

Wednesday, August 14, 2013 11:05 AM
Construction materials prices were unchanged in July but are up 2 percent year over year, according to the latest Producer Price Index release by the U.S. Labor Department. Nonresidential construction materials prices were down 0.1 percent for the month and are 1.8 percent higher than one year ago.
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Construction Unemployment Dips 0.7 Percent in July Despite 6,000 Job Losses

Tuesday, August 6, 2013 11:46 AM
Despite the loss of 6,000 jobs, the nation’s construction industry unemployment rate dipped to 9.1 percent in July on a non-seasonally adjusted rate, according to the U.S. Labor Department’s Aug. 2 employment report. That is down from 9.8 percent in June and 12.3 percent the same time last year. Overall, the construction labor force expanded from 8.08 million in July 2012 to 8.43 million in July 2013.
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Nonresidential Fixed Investment in Structures Expands 4.6 Percent

Wednesday, July 31, 2013 11:55 AM
Nonresidential fixed investment in structures expanded 4.6 percent on an annualized basis during the second quarter of 2013, according to the July 31 gross domestic product (GDP) report by the U.S. Commerce Department. This increase followed a 4.6 percent decline in the first quarter of the year.
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Construction Materials Prices Dip 0.1 Percent in June

Friday, July 12, 2013 11:03 AM
Year over year, construction materials prices are 1.5 percent higher. Nonresidential construction materials prices were unchanged in June, rose 0.1 percent for the quarter and increased 1.2 percent during the last 12 months.
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Nation’s Construction Industry Adds 13,000 Jobs in June

Friday, July 5, 2013 4:34 AM
In June, the nation’s construction industry unemployment rate fell to 9.8 percent for the first time since September 2007 with the addition of 13,000 jobs, according the July 5 report by the Department of Labor. Since June 2012, the industry has added 190,000 jobs—a 3.4 percent increase. Read the rest of entry »

Nonresidential Construction Spending Inches Up 0.1 Percent in May

Monday, July 1, 2013 12:48 PM
In a further sign of slow economic recovery, the nation’s nonresidential construction spending inched up 0.1 percent in May, according to the July 2 report by the U.S. Commerce Department. On a year-over-year basis, nonresidential construction spending was down 2.9 percent in May, with spending totaling $546.3 billion on a seasonally adjusted, annualized basis.
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