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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.

For media inquiries, contact Donna Reichle, reichle@abc.org.

Posts Tagged 'associated builders and contractors'

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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.

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.

Hurricane Impact Comes into View as 41 States See September Construction Unemployment Rate Improvement

The not seasonally adjusted (NSA) national construction unemployment rate was 4.7 percent in September, down 0.5 percent from a year ago and the second lowest September rate on record behind the 4.6 percent rate in September 2000, the U.S. Bureau of Labor Statistics (BLS) reported. Construction unemployment rates were also down in 41 states on a year-over-year basis while rates rose in nine states, according to an analysis released today by Associated Builders and Contractors (ABC). Further, the construction industry employed 173,000 more workers than in September 2016.