Average construction pay hits $35.92 an hour, topping the private sector total by 18 percent, but a low unemployment rate and high level of job openings show that contractors seek to hire even more workers
Construction sector employment rose by 25,000 jobs in September as both nonresidential and residential contractors added workers at a faster clip than other industries, according to an analysis of new government data the Associated General Contractors of America released Oct. 4.
The construction industry added 34,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released Sept. 6 by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment grew by 228,000 jobs, an increase of 2.8 percent.
Dallas-Plano-Irving, Texas, and Sioux Falls, South Dakota, top list of job gains and Houston-The Woodlands-Sugar Land, Texas, has the largest loss as Pittsfield, Massachusetts; Binghamton, New York; and Orange-Rockland-Westchester, New York, have the worst percentage decline
Construction employment increased in 224 of 358 metro areas between December 2022 and December 2023, according to an analysis by the Associated General Contractors of America of new government employment data.
The not seasonally adjusted national construction unemployment rate of 4.4 percent was unchanged in December 2023 from the previous year, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released on Feb. 5 by Associated Builders and Contractors.
Construction input prices increased 0.4 percent in July compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released on Aug. 13.
Construction earnings increased by 5.3 percent year-over-year to $35.21 an hour, as firms boost wages in an effort to attract more workers into the sector amid strong demand for certain types of projects
The construction industry added 11,000 jobs in January despite bouts of exceptionally cold or stormy weather that delayed projects in numerous regions, according to an analysis of new government data the Associated General Contractors of America released on Feb. 2.
Demand appeared strong on balance heading into 2024, but persistent shortage of skilled workers, lagging federal investments in infrastructure and tighter financing conditions may limit growth in outlays
Total construction spending increased by 0.9 percent in December and 13.9 percent year-over-year, as gains in residential and public segments offset mixed results among private nonresidential markets, according to an analysis of federal spending data the Associated General Contractors of America released Feb. 1.
National nonresidential construction spending increased by 0.4 percent in December, according to an Associated Builders and Contractors analysis of data published Feb. 1 by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.174 trillion.
South Dakota and Texas lead top rankings of year-over-year increases while New York lags, South Dakota and New Jersey lead in monthly gains while Washington, D.C. and Ohio experience largest declines
Construction employment increased in 35 states in December from a year earlier, while 32 states added construction jobs between November and December, according to a new analysis of federal employment data released by the Associated General Contractors of America on Jan. 23.
Construction input prices decreased by 0.9 percent in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released on June 13.