Construction employment patterns diverged across the country in April as 19 states plus the District of Columbia added jobs over the past year even as losses deepened in others, the Associated General Contractors of America reported in an analysis of state employment data released by the Labor Department. Association officials said the figures reflect an uneven and unsteady construction industry recovery that could be undermined by looming cost increases and public sector funding cuts. “It is good to see more states adding construction jobs for the year in April than at any point since February 2008,” said Ken Simonson, the … Read more
Construction Backlog Grows 4% in First Quarter
WASHINGTON, D.C. — Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator (CBI) for the first quarter of 2011 averaged 7.3 months, a 4 percent increase from 7.1 months during the fourth quarter of 2010, and up from 6.1 months, or an increase of 21 percent, from one year ago. CBI is a forward-looking indicator that measures the amount of construction work under contract to be completed in the future. “While the commercial and industrial construction industry is no longer in deep decline, meaningful recovery remains elusive, with CBI still below levels associated with vigorous nonresidential construction activity,” … Read more
Construction Industry Adds 5,000 Jobs between March and April as Sector’s Unemployment Rates Falls to 17.8%
After Years of Declines, Construction Employment Stable Since Early 2010; Declines in Public Sector Demand Likely to Drag on Employment Levels for Rest of Year, Economist Predicts The construction industry added 5,000 jobs in April while the industry's unemployment rate declined slightly to 17.8 percent, nearly twice the national average, according to an analysis of new federal employment data released today by the Associated General Contractors of America. Association officials said the figures continue a year-long trend of little change in construction employment after years of steep declines and predicted the stagnation is unlikely to change soon. “The construction industry … Read more
Construction Rallies as Industry Spending Increases by 1.4% in March to a Seasonally Adjusted Annual Rate of $769 B
Construction Economist Cites Increases in Most Nonresidential Segments, Predicts Future Private Sector Increases, Cautions Public Sector Spending is Likely to Decline Construction spending bounced back from an 11-year low in March, increasing by 1.4 percent to a total seasonally adjusted annual rate of $769 billion, according to an analysis by the Associated General Contractors of America of new Census Bureau data released today. Association officials cautioned however that the industry remains weak, noting that total construction spending remains 6.7 percent lower than a year ago and 37 percent lower than the March 2006 peak. “It is encouraging to see increases … Read more
Construction Employment Increases in 138 Out of 337 Metro Areas, AGC Says
Construction employment increased in 138 out of 337 metropolitan areas between March 2010 and March 2011, decreased in 153 and stayed level in 46, according to a new analysis of federal employment data released today by the Associated General Contractors of America. But association officials said that the industry's five-year employment slump is far from over, and could worsen as public construction winds down. “Even with more metro areas adding jobs than in any 12-month period since November 2007, the fact is most areas are far below previous construction employment peaks,” said Ken Simonson, the association's chief economist. “With federal … Read more



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