Construction Employment Rises from October 2017 to October 2018 in 44 States, D.C.

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Forty-four states and the District of Columbia added construction jobs between October 2017 and October 2018, while 36 states and D.C. added construction jobs between September and October, according to an analysis by the Associated General Contractors of America of Labor Department data recently released. Association officials said that firms in most parts of the country are adding staff to keep pace with growing demand for construction, but cautioned that rising labor and materials costs could undermine future demand.   “Construction activity continues to expand at a steady clip, with employment growing by more than ten percent during the past […]

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Construction Employment Picks Up in October, Says ABC

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WASHINGTON, D.C. — The U.S. construction industry added 30,000 net new jobs in October, according to an analysis from the Associated Builders and Contractors of data from the U.S. Bureau of Labor Statistics. The industry has added 330,000 net new construction jobs over the past 12 months, a 4.7 percent increase. Additionally, nonresidential construction employment grew by 13,500 net new jobs in October, with job growth split evenly between the heavy and civil engineering subsector (+7,100) and nonresidential specialty trade (+7,500). Construction unemployment dropped to 3.6 percent in October, 0.5 percentage points lower than the previous month, and 0.9 percentage […]

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Nonresidential Spending Retains Momentum in September, up 8.9% Year Over Year

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WASHINGTON, D.C. – National nonresidential construction spending fell 0.3 percent in September but remains historically elevated, according to an Associated Builders and Contractors recent analysis of U.S. Census Bureau data. Total nonresidential spending stood at $767.1 billion on a seasonally adjusted, annualized rate in September, an increase of 8.9 percent on a year-ago basis. Note that August’s estimate was revised almost a full percent higher from $762.7 billion to $769.1 billion, the highest level in the history of the series. Private nonresidential spending increased 0.1 percent in September while public nonresidential spending decreased 0.8 percent for the month. “Virtually no […]

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Construction Employment Rises by 23K Jobs in September, 315K for Year

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Construction employment increased by 23,000 jobs in September and by 315,000 jobs over the past year, reaching a 10-year high, while the industry’s unemployment rate decreased more than half-a-percentage point to 4.1 percent from a year earlier, according to an analysis of new government data by the Associated General Contractors of America. Even as firms increase headcount and increase pay, a survey by the association suggests that this expansion is threatened by a lack of skilled craft labor. “The construction industry added workers and increased pay in the past year at rates higher than the overall economy,” said Ken Simonson, […]

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September Construction Starts Settle Back 5 Percent

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NEW YORK, N.Y. –New construction starts in September fell 5 percent from the previous month to a seasonally adjusted annual rate of $709.6 billion, according to Dodge Data & Analytics. The September downturn followed 9 percent declines in both July and August, as the pace of construction starts has now pulled back for the third month in a row after reaching the current year’s high in June. By major sector, nonresidential building weakened further in September, sliding 6 percent. Nonbuilding construction dropped 13 percent in September, due to sharp retrenchment for the electric utility/gas plant category while public works held […]

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