New York Has Largest Shortfall Compared to February 2020 Peak, While Utah Tops List of States with Gains; California, Connecticut Have Worst Monthly Declines, While Pennsylvania, Oregon Lead Job Gainers in June
Construction employment in June continued to trail pre-pandemic levels in more than one-third of the states despite record job openings, according to a new analysis of federal employment data released by AGC.
With its July Market Trends Report, Ritchie Bros. digs into construction and aerial equipment sales through the first half of 2022. In the United States, Ritchie Bros. mix-adjusted price indexes (for April to June) show prices for used large and medium earthmoving categories are up 15% and 20% year over year respectively, while aerial equipment is up 18%.
The U.S. Department of Energy recently released the U.S. Energy Employment Report, an annual report that takes a comprehensive look at national and state-level employment data for the clean energy sector.
Recent increases drove up prices of diesel fuel, building and paving materials, outweighing decreases in metals and lumber costs, while producers have implemented or announced further price hikes.
Construction official says “desperate” proposal won’t address root causes of higher fuel prices but will blow a huge hole in the federal highway trust fund and undermine efforts to fix infrastructure.