Articles Tagged with ''government data''

Construction companies added 20,000 employees in November and continued to raise wages for hourly workers more steeply than other sectors as the industry’s unemployment rate tumbled, according to an analysis by the Associated General Contractors of America of new government data. Association officials said the data shows that firms would have added significantly more workers if they could find more people to hire.

Total construction spending decreased by 0.3 percent for the month of October, with downturns in homebuilding and most major nonresidential categories, according to an analysis the Associated General Contractors of America released Dec. 1 of federal spending data. Association officials noted contractors are struggling to complete projects as the number of open positions at the end of October topped hires in the month.

Construction employment increased in 268, or 75 percent, of 358 metro areas between October 2021 and October 2022, according to an analysis by the Associated General Contractors of America of new government employment data. Association officials noted, however, that job vacancies outpaced hiring, as construction firms struggle to find enough qualified workers to hire.

The construction industry added only 1,000 employees in October while it continued to boost wages for hourly workers, as firms compete to hire from a small labor pool, according to an analysis by the Associated General Contractors of America of new government data. Association officials said the small increase in construction employment is an indication of how hard it has become for construction firms to find qualified workers to hire.

The price of materials and services used in nonresidential construction jumped 12.6 percent in September from a year earlier despite a dip of 0.2 percent last month, according to an analysis by the Associated General Contractors of America of government data released Oct. 12. Association officials note that the construction industry was suffering the most from inflation, adding that new Buy America rules set to go into effect as soon as next month will only make the situation more dire.

Construction employment increased in 246, or 69 percent, of 358 metro areas between August 2021 and August 2022, according to an analysis by the Associated General Contractors of America of new government employment data. But association officials noted the job gains likely would have been higher if firms could find more qualified people to hire and train.

Construction employment decreased in 225, or 62 percent, out of 358 metro areas between June 2019 and last month despite widespread increases from May to June, according to an analysis of new government data that the Associated General Contractors of America released yesterday.