AGC Analysis: Construction Employment Increases in 45 States and D.C. From July 2022 to July 2023

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Construction employment increased in 45 states and the District of Columbia in July from a year earlier, while 27 states added construction employees from June to July, according to a new analysis of federal employment data released by the Associated General Contractors of America. Between July 2022 and July 2023, 45 states and D.C. added construction jobs, while industry employment declined in four states and held steady in Vermont. Texas added the most construction jobs over the year (25,200 jobs or 3.2%), followed by California (13,800 jobs, 1.5%), Ohio (13,100 jobs, 5.6%), and Georgia (10,200 jobs, 4.8%). Arkansas had the … Read more

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Construction Firms Add 19,000 Jobs in July as Sector’s Unemployment Level Hits 3.9%, Average Sector Pay Increases To $34.24 Per Hour

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The construction industry added 19,000 jobs in July even as the sector’s unemployment rate increased, according to an analysis of new government data the Associated General Contractors of America released. Association officials noted that tight labor conditions are bringing more previously employed construction workers back into the job market as firms continue to boost pay levels. Construction employment in July totaled 7,971,000, seasonally adjusted, an addition of 19,000 compared to June. The sector has added 198,000 jobs or 2.5% during the past 12 months. Nonresidential construction firms — nonresidential building and specialty trade contractors along with heavy and civil engineering construction firms — … Read more

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Dodge Momentum Index Recedes 1%

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The Dodge Momentum Index, issued by Dodge Construction Network, declined .9% in July to 193.4 (2000=100) from the revised June reading of 195.1. Over the month, the commercial component of the DMI remained relatively flat, ticking down .2%, while the institutional component fell 1.9%. All commercial sectors pulled back, or remained flat, over the month of July. Hotel planning saw the largest month-over-month decay, marking four months of consecutive decline in the sector. July also saw a deceleration in the number of education and healthcare projects entering planning — the two largest institutional segments. While two sizable public projects entered … Read more

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Construction Industry Continues to Face High PPI Inflation

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According to the U.S. Bureau of Labor Statistics’ latest release of the Producer Price Index for June, the PPI for final demand experienced a modest increase of .1%, after a decline of .4% in May. This upturn can be primarily attributed to a consistent .2% increase in the index for final demand services, mirroring the previous month’s trend, while prices for final demand goods remained steady. Over the 12-month period ending in June, the unadjusted index for final demand showed a modest advancement of .1%. In June, the index for final demand less foods, energy and trade services saw a … Read more

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Construction Employment Increases in 45 States

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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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