Items Tagged with 'labor'

The association reported that its Construction Backlog Indicator increased to 8.4 months in January.

The construction industry added fewer jobs in January but on a year-over-year basis, industry employment has increased by 178,000 jobs, an increase of 2.2 percent. 

The construction industry will need to attract an estimated 439,000 net new workers in 2025 to meet anticipated demand for construction services, according to a proprietary model developed and released today by Associated Builders and Contractors. In 2026, the industry will need to bring in 499,000 new workers as spending picks up in response to presumed lower interest rates.

The National Labor Relations Board issued its final rule on “Fair Choice—Employee Voice,” which restores three NLRB policies that facilitate union organizing, including the NLRB’s policy on voluntary recognition in the construction industry.

Labor productivity is the central economic engine that drives profitability for labor-intensive, self-performing contractors. FMI’s 2023 Labor Productivity Study found that contractors experienced approximately $30 billion to $40 billion in lost profits due to labor inefficiencies in 2022.