ABC: Monthly Construction Input Prices Surge 1%

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Construction input prices increased 1% in January compared to the previous month, according to an Associated Builders and Contractors’ analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices increased 0.9% for the month. Overall construction input prices are 0.4% higher than a year ago, while nonresidential construction materials prices are 0.7% higher. Prices increased in 2 of the 3 energy subcategories last month. Crude petroleum input prices were up 6.1%, while unprocessed energy materials prices were up 3.8%. Natural gas prices decreased 2.4% in January. “Construction materials prices surged in January, ending a … Read more

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ABC: Nonresidential Construction Adds Nearly 12,000 Jobs in December

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The construction industry added 17,000 jobs on net in December, according to an Associated Builders and Contractors’ analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has grown by 197,000 jobs, an increase of 2.5%. Last month, nonresidential construction employment increased by 11,900 positions on net, with growth in two of the three subcategories. Nonresidential building added 8,100 positions, while nonresidential specialty trade added 4,300 jobs on net. Heavy and civil engineering lost 500 jobs. The construction unemployment rate fell to 4.4% in December. Unemployment across all industries remained unchanged at 3.7% … Read more

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Construction Job Openings Rise to Highest Level Since 2022, Says ABC

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The construction industry had 459,000 job openings on the last day of November, 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 increased by 43,000 last month and are up by 111,000 from the same time last year. “The number of open, unfilled construction positions increased to the highest level since the end of 2022,” said ABC Chief Economist Anirban Basu. “November’s 5.4% job opening rate is … Read more

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Nonresidential Construction Employment Increases, Says ABC

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The construction industry added 23,000 jobs on net in October, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 219,000 jobs, an increase of 2.8%.  Nonresidential construction employment increased by 8,400 positions on net, with growth in all three subcategories. Nonresidential specialty trade added 4,200 positions, while nonresidential building and heavy and civil engineering added 2,600 and 1,600 jobs, respectively. The construction unemployment rate increased to 4% in October. Unemployment across all industries increased from 3.8% in September to 3.9% last month.

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Construction Job Openings at 350,000, Says ABC

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The construction industry had 350,000 job openings on the last day of August, 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 3,000 last month but are up by 5,000 from the same time last year. “The number of open, unfilled construction positions declined in August but remains higher than both one year ago and the pre-pandemic level,” said ABC Chief Economist Anirban Basu. “Despite … Read more

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