The Blog

The construction industry added 10,000 jobs on net in November, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data. On a year-over-year basis, industry employment has risen by 211,000 jobs, an increase of 2.6%.

Associated Builders and Contractors reported that its Construction Backlog Indicator remained unchanged at 8.4 months in November, according to an ABC member survey conducted Nov. 20 to Dec. 3. The reading is down 0.1 months from November 2023.

The construction industry had 249,000 job openings on the last day of October, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings decreased by 9,000 for the month and are down by 164,000 from the same time last year.

The first time I served as ABC MA chair, things started fast and only seemed to accelerate from there.  Before I knew it, the year was coming to an end.  “Not this time,” I said to myself when I came back for a second time.  But here I am again, amazed that the year is coming to an end.

Construction input prices increased 0.3% in October compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also increased 0.3% for the month.

Close to 100 people, including ABC MA and Gould Construction Institute Board members, Division of Apprenticeship Standards (DAS) staff, GCI teachers and students, and industry partners attended the ribbon cutting for Gould’s new training facility on November 16.

Associated Builders and Contractors reported that its Construction Backlog Indicator fell to 8.4 months in October, according to a survey of its member contractors conducted Oct. 21 to Nov. 4. The reading is unchanged from October 2023.

WASHINGTON, Nov. 4—The national September 2024 not seasonally adjusted construction unemployment rate was 3.7%, down 0.1% from the previous year, according to Associated Builders and Contractors’ state-by-state analysis of U.S. Bureau of Labor Statistics data. The analysis also found that 24 states had lower construction unemployment rates over the same period, four states were unchanged and 22 states were higher.

National nonresidential construction spending increased 0.1% in September, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.22 trillion.

The construction industry added 8,000 jobs on net in October, according to an Associated Builders and Contractors analysis U.S. Bureau of Labor Statistics data. On a year-over-year basis, industry employment has grown by 223,000 jobs, an increase of 2.8%.