The May 2018 not seasonally adjusted national construction unemployment rate fell 0.9 percent from May 2017 to 4.4 percent, the lowest May rate on record. At the same time, the construction industry employed 291,000 more workers nationally than in May 2017.
36,000 construction positions were created while national unemployment remained unchanged
February 5, 2018
Nonresidential specialty trade contractors filled 12,400 positions in January, residential specialty contractors filled another 13,900 jobs, and unemployment rate held steady at 4.1 percent.
Specialty trade construction dominated employment growth
January 6, 2018
Residential specialty construction posted 10,000 new positions, while nonresidential specialty employment grew by nearly 14,000. Unemployment remained static at 4.1 percent.
Confidence in the commercial construction industry is strong, despite significant concerns around jobsite efficiency and labor productivity, according to the Q4 2017 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index (Index). The Index shows that optimism remains high in the commercial construction industry, with 57 percent of contractors expecting to hire in the next six months and a large majority reporting stable or increased revenue expectations in the next year.
The new projects inquiry index was 60.2, up from a reading of 59.0 the previous month
November 17, 2017
The American Institute of Architects (AIA) reported the October ABI score was 51.7, up from a score of 49.1 in the previous month. This score reflects an increase in design services provided by U.S. architecture firms (any score above 50 indicates an increase in billings).
Michael D. Bellaman, president and CEO of Associated Builders and Contractors Inc. (ABC), issued a statement supporting the Unified Framework for Fixing Our Broken Tax Code released by congressional and administration leaders.
Construction input prices rose 0.6 percent in August and are up 3.7 percent on a yearly basis, according to an analysis by Associated Builders and Contractors Inc. (ABC) based upon data released by the Bureau of Labor Statistics (BLS). Nonresidential construction input prices behaved similarly, rising 0.6 percent for the month and 3.5 percent for the year.
Associated Builders and Contractors Inc. (ABC) praised the Trump administration’s efforts to roll back burdensome regulations that drive up construction costs and hold back small business hiring and expansion.