Construction Employment Increases in 45 States

Construction employment increased in 45 states in June from a year earlier, while 33 states added construction jobs from May to June, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said the job gains were welcome, but that widespread construction labor shortages mean many firms would likely have hired even more workers if they could find qualified candidates. Between June 2022 and June 2023, 45 states added construction jobs, while industry employment declined in five states and held steady in the District of Columbia. Texas added the most construction … Read more

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Unemployment Rate Falls to Lowest Rate for Month, Craft Pay Levels Rise, Says AGC

The construction sector added 23,000 jobs in June while the sector’s unemployment rate fell to the lowest rate ever for the month and pay levels in the industry continued to rise, according to an analysis of new government data the Associated General Contractors of America released. Association officials said there appears to be plenty of demand for construction services and that employers likely would have added even more jobs if they could find more workers to hire. “There was no letup in demand for construction workers in June, while the supply of available workers remained exceptionally tight,” said Ken Simonson, … Read more

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Building Costs Increase in the Second Quarter of 2023

Turner Construction Company’s Second Quarter 2023 Turner Building Cost Index — which measures costs in the non-residential building construction market in the United States — had increased to the value of 1365. This represents a 1.19% quarterly increase from the Fourth Quarter 2022 and a 6.39% yearly increase from the Second Quarter 2022. The building costs and price trends tracked by the Turner Building Cost Index may or may not reflect regional conditions in any given quarter. The index is determined by several factors considered on a nationwide basis, including labor rates and productivity, material prices and the competitive condition of … Read more

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Construction Firms Add 23,000 Jobs in June

The construction sector added 23,000 jobs in June while the sector’s unemployment rate fell to the lowest rate ever for the month and pay levels in the industry continued to rise, according to an analysis of new government data the Associated General Contractors of America released. Association officials said there appears to be plenty of demand for construction services and that employers likely would have added even more jobs if they could find more workers to hire. Construction employment in June totaled over 7.9 million, seasonally adjusted, an addition of 23,000 or .3% from the month prior. The sector has added 198,000 … Read more

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ABC: Monthly Construction Input Prices Unchanged in June

Construction input prices remained unchanged in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released. Nonresidential construction input prices were also unchanged for the month. Overall construction input prices are 4.9% lower than a year ago, while nonresidential construction input prices are 4.5% lower. Prices decreased in all three energy subcategories in June. Crude petroleum prices were down 5.9%, while natural gas prices fell 5.3%. Unprocessed energy materials prices decreased 5% for the month.

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