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News Releases

From monthly archives: September 2016

We are pleased to present below all posts archived in 'September 2016'. If you still can't find what you are looking for, try using the search box.

Associated Builders and Contractors Applauds Passage of House Bill to Delay Overtime Rule

Thursday, September 29, 2016 2:32 PM
WASHINGTON, D.C., Sept. 29–Associated Builders and Contractors (ABC) today applauded the U.S. House of Representatives passage of legislation that would delay implementation of the U.S. Department of Labor (DOL) Wage and Hour Division’s costly and burdensome final overtime rule. The bill, the Regulatory Relief for Small Businesses, Schools, and Nonprofits Act (H.R. 6094), passed the House with bipartisan support by a vote of 246-177 on Sept. 28. Read the rest of entry »

Construction Unemployment Rates Improve in 48 States in August

Thursday, September 29, 2016 9:00 AM
WASHINGTON, D.C., Sept. 29— August not seasonally adjusted (NSA) construction unemployment rates improved in 48 states and the nation on a year-over-year basis, according to an analysis released today by Associated Builders and Contractors (ABC). The national NSA construction unemployment rate of 5.1 percent was 1 percent lower than a year ago, according to data from the Bureau of Labor Statistics (BLS), producing the lowest August construction unemployment rate on record. BLS data also showed that the industry employed 183,000 more people than in August 2015. Read the rest of entry »

ABC Files Suit Against DOL’s Overtime Rule

Tuesday, September 20, 2016 4:22 PM
WASHINGTON, D.C., Sept. 20 – Associated Builders and Contractors (ABC) and a coalition of business groups today filed suit against the U.S. Department of Labor (DOL) Wage and Hour Division’s costly and burdensome final overtime rule. The legal challenge was filed in the U.S. District Court for the Eastern District of Texas. Read the rest of entry »

Construction Input Prices Dip in August

Thursday, September 15, 2016 10:31 AM
WASHINGTON, D.C., Sept. 15—Both nonresidential construction input prices and overall input prices fell in August as energy prices retrenched, according to an analysis of the Bureau of Labor Statistics Producer Price Index released today by Associated  Builders and Contractors (ABC). Nonresidential construction input prices were down 0.2 percent on a month-over-month basis and 1.7 percent on a year-over-year basis. Read the rest of entry »

Construction Employment Falters in August

Friday, September 2, 2016 10:22 AM
WASHINGTON, D.C., Sept. 2—The U.S. construction industry lost 6,000 net jobs in August according to an analysis of U.S. Bureau of Labor Statistics (BLS) data released today by Associated Builders and Contractors (ABC). BLS also downwardly revised July’s estimate from 14,000 net new jobs to 11,000 net new jobs meaning that the construction industry has lost 25,000 net jobs since April after adding 68,000 through the first three months of 2016. Read the rest of entry »

Nonresidential Spending Inches Lower in July; June Data Upwardly Revised to Eight-year Record

Thursday, September 1, 2016 2:09 PM
WASHINGTON, D.C., Sept. 1—Nonresidential construction spending inched 0.3 percent lower in July largely due to a significant upward revision to June’s spending figure, according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential spending totaled $701.4 billion on a seasonally adjusted annualized basis in July, the second highest month since November of 2008, right behind June, which was revised upward from $682 billion to $703.5 billion. Public nonresidential spending continued to falter, declining 3.2 percent for the month and 6.5 percent for the year. Read the rest of entry »