Two-Thirds of Metro Areas Add Construction Jobs from October 2020 to October 2021

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Nearly two out of three U.S. metro areas added construction jobs between October 2020 and October 2021, according to an analysis by the Associated General Contractors of America of government employment data. Association officials noted that the job gains would likely have been larger and more widespread if firms weren’t dealing with the twin challenges of supply chain problems and labor shortages. “While it is heartening that construction is recovering from the lows of 2020 in much of the country, the pandemic is still causing major supply-chain problems and is keeping some workers from seeking employment,” said Ken Simonson, the … Read more

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National Association Reports Construction Firms Add 44K Jobs in October, Struggle with Supply Chain Challenges

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The construction industry added 44,000 jobs between September and October as nonresidential construction firms posted back-to-back increases for the first time since January, according to an analysis of government date by the Associated General Contractors of America. Association officials said the employment gains were welcome news but cautioned that employment levels remain well-below pre-pandemic totals as firms struggle with supply chain problems, labor shortages and federal inaction on infrastructure funding. “It is encouraging to see continuing job growth in nonresidential construction but the industry remains far behind the overall economy in recovering all of the job losses from the pandemic,” … Read more

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ABC’s Construction Backlog Rebounds in October, Contractor Confidence Falls

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Associated Builders and Contractors reports that its Construction Backlog Indicator rose to 8.1 months in October, according to an ABC member survey conducted from Oct. 20 to Nov. 2. The reading is up 0.5 months from September 2021 and 0.4 months from October 2020. However, ABC’s Construction Confidence Index readings for sales and profit margins declined in October, while the index for staffing rose slightly. The sales and staffing readings are still above the threshold of 50, indicating expectations of growth over the next six months. The index for profit margins fell below that threshold, pointing to expectations of decline. … Read more

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One-Fifth Metro Areas Lost Construction Jobs between September 2020-2021, Reports AGC

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Nearly one-fifth of U.S. metro areas lost construction jobs between September 2020 and September 2021, according to an analysis by the Associated General Contractors of America of government employment data. Association officials noted that the job losses are occurring in many metro areas as plans to boost investments in infrastructure languish in Washington and firms cope with shortages, delivery delays and construction materials price increases. “Many metro areas are having a hard time getting back to construction employment levels from last fall that were already low because of the pandemic,” said Ken Simonson, the association’s chief economist. “The challenge is … Read more

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Nonresidential Construction Spending Contracts 0.6% in September, Says ABC

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National nonresidential construction spending contracted 0.6% in September, according to an Associated Builders and Contractors analysis of data published recently by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $791.2 billion for the month. Spending was down in 11 of the 16 nonresidential subcategories, with spending in amusement and recreation unchanged for the month. Both private and public nonresidential spending declined 0.6% in September. “It is not surprising that nonresidential construction spending declined in September,” said ABC Chief Economist Anirban Basu. “Nonresidential construction spending has generally been trending lower for several months and the factors … Read more

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