Hurricane Recovery Helps Construction Unemployment Rate Hit Lowest October Mark on Record

WASHINGTON, D.C. – The not seasonally adjusted national construction unemployment rate was 4.5 percent in October, down 1.2 percent from a year ago, the U.S. Bureau of Labor Statistics reported. It was the lowest October rate on record, matching the rate in 2006, according to analysis released today by Associated Builders and Contractors. Further, the construction industry employed 180,000 more workers than in October 2016. Construction unemployment rates were also down in 44 states on a year-over-year basis, unchanged in one (South Dakota) and up in five states. “Recovery from the various hurricanes that hit the United States appeared to … Read more

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ABC Highlights Construction Worker Shortage during National Apprenticeship Week

WASHINGTON, D.C. — Associated Builders and Contractors commends the U.S. Department of Labor for declaring Nov. 13-19 National Apprenticeship Week. It’s the third consecutive year that business, labor, government, education and other partners are highlighting the tremendous job opportunities apprenticeships provide and the need for an infusion of Americans to pursue a skilled trade. “The construction industry has a critical shortage of skilled workers,” said ABC President and CEO Michael Bellaman, who this week participated in his first meeting as an appointee of the Trump administration’s newly created Task Force on Apprenticeship Expansion. “ABC is thankful for the Department of … Read more

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Nonresidential Construction Adds Jobs Despite Disruptions, ABC Says

WASHINGTON, D.C. – The national construction industry added 8,000 net new jobs on a seasonally adjusted basis in September, according to an analysis by Associated Builders and Contractors of a recent release from the U.S. Bureau of Labor Statistics. The nonresidential sector added 11,700 jobs for the month, which means that residential construction lost several thousand jobs. Nonresidential specialty trade contractors paced the segment, adding 8,500 net new jobs on a monthly basis. The construction industry unemployment rate, which is available only on a non-seasonally adjusted basis, remained unchanged at 4.7 percent. The nationwide unemployment rate fell two tenths of … Read more

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Nonresidential Construction Spending Stabilizes in August

WASHINGTON, D.C. – Nonresidential construction spending expanded .5 percent in August, totaling $691.8 billion on a seasonally adjusted, annualized basis, according to an analysis of data from the U.S. Census Bureau by Associated Builders and Contractors. Though this represents an improvement from July’s total ($688.2 billion), nonresidential spending remains 3.4 percent below its year-ago level and is down 3.8 percent from the cyclical peak attained in May 2017. Spending levels expanded in 10 of the 16 nonresidential construction subsectors in August on a monthly basis. The manufacturing subsector experienced the largest absolute monthly decline (-$2.6 billion) and the greatest year-over-year … Read more

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