Construction Employment Hits All-time High

Construction employment increased in a majority of states in May, setting all-time highs in Louisiana and North Dakota, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials noted that construction demand remains very uneven and urged policy makers to expedite stalled public and private projects. “The strongest recoveries in construction employment have occurred in states with oil and gas activity, while the steepest construction job losses have occurred in Sunbelt states,” said Ken Simonson, the association's chief economist. “However, patterns for the past year show that even some lagging states are beginning … Read more

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Strong Rebound for Architecture Billings Index

WASHINGTON, D.C. — Following the first reversal into negative territory in ten months in April, the Architecture Billings Index has bounced back in May. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects reported the May ABI score was 52.9, up dramatically from a mark of 48.6 in April. This score reflects an increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 59.1, up slightly from the … Read more

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Construction Unemployment Drops to Lowest May Mark in Five Years

Construction employment increased by 7,000 in May, helping to push the industry's unemployment rate down to the lowest May level in five years, according to an analysis of new government data by the Associated General Contractors of America. Association officials said the relatively positive jobs report for the sector underscores the need to address potential shortages of skilled workers. “Although the monthly job gain in May was modest, both residential and nonresidential construction have been adding workers at roughly double the rate of the overall economy in the past year,” said Ken Simonson, the association’s chief economist. “At the same … Read more

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Construction Spending Level Edges Higher in April

Total construction spending registered a small gain in April but showed very mixed patterns among major segments, according to an analysis of new census bureau data by the Associated General Contractors of America. Association officials cautioned that a surge in certain project types and regions could leave the industry short of workers even while overall unemployment remains high. “The report underscores patterns that have prevailed for several months: surging home and apartment construction, volatile private nonresidential activity and shrinking public investment,” said Ken Simonson, the association’s chief economist.”This uneven result is leading to selected materials cost increases and localized reports … Read more

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Construction Increases in April, Reports AGC

Construction employment increased in 170 out of 339 metropolitan areas between April 2012 and April 2013, declined in 123 and was stagnant in 46, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that a majority of metro areas are adding construction jobs as private sector demand accelerates in many parts of the country. “Demand for construction continues to grow in many parts of the country amid increasing private sector investments in new residential, energy and supply chain facilities like factories, rail lines and warehouses,” said Ken Simonson, … Read more

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