Associated Builders and Contractors Archives

Industry added 16,000 new construction jobs in June

construction
by in AZRE Magazine | Construction

National construction employment added 16,000 net new construction jobs on a seasonally adjusted basis in June, according to an analysis of data from the U.S. Bureau of Labor Statistics by Associated Builders and Contractors (ABC).  Overall construction employment expanded 3.1 percent on a year-over-year basis, easily outpacing the year-over-year growth rate of 1.6 percent for all… Read More →

Nearly 200,000 construction jobs added since May 2016

nonresidential construction
by in AZRE Magazine | Construction

In May, not seasonally adjusted (NSA) construction unemployment rates were down in 24 states on a year-over-year basis, according to analysis released today by Associated Builders and Contractors (ABC). At the same time, the construction industry added 192,000 more construction jobs than in May 2016, according to data from the U.S. Bureau of Labor Statistics… Read More →

Construction job growth led by nonresidential sector

nonresidential construction
by in AZRE Magazine | Construction

National construction employment remained largely unchanged for the second consecutive month, adding 5,000 net new jobs on a seasonally adjusted basis in April, according to analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC). The nonresidential construction sector added 3,200 net new jobs in April after adding 8,500… Read More →

Nonresidential construction is a bright spot in jobs report

nonresidential construction
by in AZRE Magazine | Construction

National construction employment remained largely unchanged in March, adding 6,000 net new jobs on a seasonally adjusted basis, according to analysis of U.S. Bureau of Labor Statistics data released Friday by Associated Builders and Contractors (ABC). The nonresidential construction sector added 13,300 net new jobs for the month, while the residential sector lost 7,600 net… Read More →

Construction Job Growth Surges in February, ABC Says

by in AZRE Magazine | Construction

National construction employment surged in February as the industry added 58,000 seasonally adjusted net new jobs, according to analysis of U.S. Bureau of Labor Statistics data released Friday by Associated Builders and Contractors (ABC). February’s data represents the best month for construction job creation since March 2007. Nonresidential construction added nearly two-thirds of net new construction… Read More →

Nonresidential construction spending slips to start 2017

construction
by in AZRE Magazine | Construction

Nonresidential construction spending contracted during January, according to analysis of U.S. Census Bureau released Wednesday by Associated Builders and Contractors (ABC). Nonresidential spending fell 1.9 percent from December to $698.4 billion on a seasonally adjusted, annualized basis. This represents the first month total nonresidential construction spending dipped below $700 billion since July 2016. Despite the monthly… Read More →

Construction job growth rebounds in 2017

by in AZRE Magazine | Construction

National construction employment started 2017 on a high note, adding 36,000 net new jobs on a seasonally adjusted basis in January, according to analysis of U.S. Bureau of Labor Statistics data released today by the Associated Builders and Contractors (ABC). The 0.5 percent increase represents the best month for construction employment growth since March of… Read More →

Construction unemployment rates improve in 26 states

construction
by in AZRE Magazine | Construction

December not seasonally adjusted (NSA) construction unemployment rates were down in 26 states and the nation on a year-over-year basis, according to analysis released Tuesday by Associated Builders and Contractors (ABC). The rates for two states, Iowa and Wisconsin, were unchanged from December 2015. The national NSA construction unemployment rate of 7.4 percent was down… Read More →

ABC says construction lost jobs in December

construction
by in AZRE Magazine | Construction

National construction employment declined by 3,000 net jobs on a seasonally adjusted basis in December, according to analysis of  U.S. Bureau of Labor Statistics data released Friday by the Associated Builders and Contractors (ABC). The industry added 102,000 net new jobs on a year-over-year basis, the smallest increase in more than four years. Of the… Read More →

Construction unemployment rates improve in 38 states

Bernards & Construction
by in AZRE Magazine | Construction

November not seasonally adjusted (NSA) construction unemployment rates were down in 38 states and the nation on a year-over-year basis, according to analysis released Wednesday by Associated Builders and Contractors (ABC). The rates for two states, Kansas and Texas, were unchanged from November 2015. The national NSA construction unemployment rate of 5.7 percent was down… Read More →

Construction backlog rebounds in third quarter

by in AZRE Magazine | Construction

Construction backlog expanded during the third quarter, according to Associated Builders and Contractors‘ (ABC) Construction Backlog Indicator, released Tuesday. The expanding backlog is led by strong growth in the commercial and industrial construction sector. This increase follows two quarters of backlog decline, according to ABC. The backlog led to speculation that growth was slowing in the country’s… Read More →

ABC predicts modest growth for nonresidential construction

Bernards & Construction
by in AZRE Magazine | Construction

Associated Builders and Contractors (ABC) forecasts a slowdown of growth in the U.S. commercial and industrial construction industries in 2017, according to the association’s forecast for next year. While contractors are vulnerable to rising commodity prices and potential interest rate increases in 2017, the middling consumer-led recovery should still lead to modest growth in construction spending… Read More →

Nonresidential construction spending gains momentum

by in AZRE Magazine | Construction

Nonresidential construction spending totaled $699.7 billion on a seasonally adjusted, annualized basis in October, a 0.3 percent decrease from September’s significantly upwardly revised total, but an increase of 2.6 percent year-over-year, according to analysis of U.S. Census Bureau data released Thursday by Associated Builders and Contractors (ABC). September’s nonresidential spending estimate was revised from $690.5 billion… Read More →

Construction unemployment rates improve in 33 states

Copper State Rubber
by in AZRE Magazine | Construction

October not seasonally adjusted (NSA) construction unemployment rates were down in 33 states and the nation on a year-over-year basis, according to analysis released Tuesday by Associated Builders and Contractors (ABC). The national NSA construction unemployment rate of 5.7 percent was down 0.5 percent from a year ago, according to data from the Bureau of Labor Statistics (BLS). Arizona… Read More →