Construction Employment Declines in 99 Metro Areas March 2019-March 2020, Industry Officials Call for New Funding, Says AGC

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Construction employment declined in 99 out of 358 metro areas from March 2019 to last month as the coronavirus pandemic triggered the first shutdown orders and project cancellations, according to an analysis released by the Associated General Contractors of America. Association officials urged federal and state officials to boost investments in infrastructure to help put more people to work amid rising unemployment levels.   “These new figures foreshadow even larger declines in construction employment throughout the country as the pandemic’s economic damage grows more severe,” said Ken Simonson, the association’s chief economist. “Unfortunately, the data for April and later months […]

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New Monthly Job Loss Data Foreshadows More Layoffs Amid Project Cancellations, State Cutbacks, Reports AGC

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Construction employment declined in 20 states and D.C. in March, aligning with the results of a recent survey by the Associated General Contractors of America that found growing layoffs amid new project cancellations and state funding constraints. Association officials warned that these cancellations mean massive job losses are likely to occur soon in even more states unless Congress helps cover rapidly declining state revenues, adds funding for Paycheck Protection Program loans and takes other measures to help the industry recover. “While construction employment declined in many parts of the country last month, far more states, local governments and project owners […]

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New Dodge Study Shows Contractors Concerned about Longer-Term Impacts of COVID-19 Crisis

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In order to better understand the degree of impact and biggest concerns that the construction industry has about the COVID-19 crisis, Dodge Data & Analytics conducted a survey of 172 contractors across the U.S. from March 19 to March 31. The results of that study, published in the Keeping Business Going in a Time of Crisis: Findings from the Dodge Contractor Panel Study on Contractors’ State of Business During the COVID-19 Outbreak white paper, reveals that most contractors are feeling at least some impact from the crisis, with the worst impact expected to be felt within the next three months. […]

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COVID-19 Cuts Nonresidential Construction Employment in March, Says ABC

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Construction industry employment declined by 29,000 in March, according to an Associated Builders and Contractors’ analysis of data released by the U.S. Bureau of Labor Statistics. Nonresidential construction employment declined by 24,600 in March. All three nonresidential segments registered job losses, with the largest decrease experienced in nonresidential building (-10,700) followed closely by heavy and civil engineering (-10,200). Nonresidential specialty trade lost 3,700 jobs on net. The construction unemployment rate was 6.9% in March, up 1.7 percentage points from the same time one year ago. Unemployment across all industries rose from 3.5% in February to 4.4% last month, a direct […]

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New Survey Finds Sharp Jump in Owners Canceling, Delaying Construction Projects Putting Jobs at Risk

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Thirty-nine percent of contractors report that project owners have halted or canceled current construction projects amid deteriorating economic conditions, according to a survey released by the Associated General Contractors of America. Association officials warned that these cancellations mean massive job losses are likely soon unless Congress passes targeted recovery measures to boost infrastructure funding, compensate firms for lost or delayed federally funded work and provide needed pension relief. The project cancellations are particularly severe in light of new data showing that 42 states added construction jobs through February. “The abrupt plunge in economic activity is taking a swift and severe […]

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