Construction Employment Increases in 250 out of 358 Metro Areas between August 2016, 2017

Construction employment increased in 250 out of 358 metro areas between September 2016 and September 2017, declined in 56 and stagnated in 52, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials noted that continued strong demand for construction is placing new strains on an already tight construction labor market. “Construction firms in many parts of the country continue to expand to keep up with demand for their services,” said Ken Simonson, the association’s chief economist. “Yet construction growth would likely have been even more robust if contractors could find … Read more

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Construction Jobs Increase in 35 States, D.C. between September 2016 Year-Over-Year

Thirty-five states and the District of Columbia added construction jobs between September 2016 and September 2017, while 26 states added construction jobs between August and September as some state employment levels were impacted by recent hurricanes, according to an analysis by the Associated General Contractors of America of Labor Department data released recently. Association officials noted that construction employment in many parts of the country would have been higher if more qualified workers were available. “Contractors in most states still report they are busy and expect to stay that way for the foreseeable future,” said Ken Simonson, chief economist for … Read more

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Nonresidential Construction Adds Jobs Despite Disruptions, ABC Says

WASHINGTON, D.C. – The national construction industry added 8,000 net new jobs on a seasonally adjusted basis in September, according to an analysis by Associated Builders and Contractors of a recent release from the U.S. Bureau of Labor Statistics. The nonresidential sector added 11,700 jobs for the month, which means that residential construction lost several thousand jobs. Nonresidential specialty trade contractors paced the segment, adding 8,500 net new jobs on a monthly basis. The construction industry unemployment rate, which is available only on a non-seasonally adjusted basis, remained unchanged at 4.7 percent. The nationwide unemployment rate fell two tenths of … Read more

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Dodge Momentum Index Declines in September

NEW YORK, N.Y. –The Dodge Momentum Index fell in September, moving 8.4 percent lower to 116.4 (2000=100) from the revised August reading of 127.1. The index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. Both components of the momentum index declined in September. The institutional building component fell 11.5 percent from August, while the commercial building component fell 6.1 percent. While the overall index has lost ground for four consecutive months, this should not be seen, in … Read more

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