Nonresidential Construction Adds Jobs Despite Disruptions, ABC Says

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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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Jobs Report Offers Reasons for Hope and Concern for Construction Industry, ABC Says

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WASHINGTON, D.C. — National construction employment added 11,000 net new jobs on a seasonally adjusted basis in May according to analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. The nonresidential construction sector added 4,400 net new jobs in May after losing 1,000 net jobs in April (revised down from a net increase of 3,200 jobs), while the residential sector added 7,100 net jobs for the month. Overall construction employment expanded 2.9 percent on yearly basis, well above the year-over-year growth rate of 1.6 percent for all nonfarm industries. “Today’s jobs numbers supply a mixture … Read more

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Nonresidential Construction a Bright Spot in Disappointing Jobs Report, BLS Reveals

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WASHINGTON, D.C. — National construction employment remained largely unchanged in March, adding 6,000 net new jobs on a seasonally adjusted basis, according to analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. The nonresidential construction sector added 13,300 net new jobs for the month, while the residential sector lost 7,600 net jobs. “While today’s jobs report will be viewed primarily as a disappointment, nonresidential construction remains a bright spot, adding 13,000 jobs,” said ABC Chief Economist Anirban Basu. “Nonresidential construction’s growth is impressive given March’s colder weather, but it represents a slowing from the first … Read more

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Construction Unemployment Rates Improve in 10 States Year-Over-Year, ABC Says

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WASHINGTON, D.C.— Construction unemployment rates were down in 10 states and unchanged in three in January on a year-over-year basis, according to analysis released by Associated Builders and Contractors. For the nation and 37 states, rates were higher than in January 2016, ending 75 consecutive months of year-over-year declines. The national not seasonally adjusted construction unemployment rate of 9.4 percent was up 0.9 percent from January 2016, according to data from the U.S. Bureau of Labor Statistics. Since these industry-specific rates are NSA, it is most accurate to evaluate the national and state-level unemployment rates on a year-over-year basis. In … Read more

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Construction Input Prices Expand for Third Straight Month, Petroleum Prices Soar

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WASHINGTON, D.C. – Construction input prices expanded 0.3 percent on a monthly basis and 4.8 percent on a year-over-year basis in February, according to a recent analysis of U.S. Bureau of Labor Statistics data and released by ABC. This represents the most rapid yearly growth in construction input prices in more than five years. Only four key inputs tracked by BLS experienced monthly price declines, principally natural gas. Natural gas prices declined 18 percent in February, but are still up by more than 66 percent over the past year. Crude petroleum prices are up 107 percent over the past year. … Read more

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