ABC: Construction Job Openings Down Nearly 40% From a Year Ago

  • Posted on

The construction industry had 249,000 job openings on the last day of October, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings decreased by 9,000 for the month and are down by 164,000 from the same time last year. “Construction industry job openings fell again in October and are down nearly 40% over the past year,” said ABC Chief Economist Anirban Basu. “While JOLTS data can be … Read more

Filed under: Economic NewsTagged with: , ,

Storms Suppress Nonresidential Construction Spending in October, Says ABC

  • Posted on

National nonresidential construction spending decreased 0.4% in October, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.228 trillion. Spending was down on a monthly basis in 11 of the 16 nonresidential subcategories. Private nonresidential spending decreased 0.3%, while public nonresidential construction spending was down 0.5% in October. “Total construction spending rose sharply in October, but that was entirely due to a sharp increase in residential activity,” said ABC Chief Economist Anirban Basu. “Nonresidential construction spending contracted for the month, and the declines … Read more

Filed under: Economic NewsTagged with: ,

ABC Announces 2025 National Chair, Executive Committee

  • Posted on

Associated Builders and Contractors announced that David Pugh, a partner at Bradley in Birmingham, Alabama, was elected 2025 chair of ABC National Board of Directors during its meeting at the association’s annual Leadership Institute in Scottsdale, Arizona. The members of ABC’s 2025 Executive Committee, who will take office on Jan. 1 are: Chair of the ABC board of directors: David Pugh, partner, Bradley, LLP, Birmingham, Alabama Chair-elect: Thomas “Murph” Murphy, vice president of Aggregates Division, Power & Construction Group, Scottsville, New York Secretary and South Central region vice chair: Brandon Mabile, corporate business development director, Performance Contractors Inc., Baton Rouge, Louisiana … Read more

Filed under: NewsTagged with: ,

ABC Releases Data for September Construction Job Openings

  • Posted on

The construction industry had 288,000 job openings on the last day of September, according to an Associated Builders and Contractors’ analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings decreased by 40,000 last month and are down by 134,000 from the same time last year. “September’s data, which show a precipitous 32% decline in construction industry job openings over the past year, likely overstate the degree that demand for construction workers has slowed,” said … Read more

Filed under: Economic NewsTagged with: , ,

Nonresidential Construction Spending Inches Up in August, Says ABC

  • Posted on

National nonresidential construction spending increased 0.1% in August, according to an Associated Builders and Contractors’ analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.22 trillion. Spending was up on a monthly basis in 10 of the 16 nonresidential subcategories. Private nonresidential spending decreased 0.1%, while public nonresidential construction spending was up 0.3% in August. “Nonresidential construction spending inched higher in August, and that’s almost entirely due to ongoing infrastructure investments,” said ABC Chief Economist Anirban Basu. “Public spending accounted for all of the nonresidential segment’s monthly increase and has risen … Read more

Filed under: Economic NewsTagged with: ,