Articles Tagged with ''economic analysis''

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Construction Spending Rises 0.4 Percent in November Despite Public Project Decline

New spending data comes as construction association gets ready to release industry’s predictions for construction spending trends in 2024, need for new workers and planned investments in AI and other tech
January 3, 2024
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Total construction spending increased by 0.4 percent in November, as a pickup in homebuilding and some private nonresidential markets offset a downturn in public spending, according to an analysis of federal spending data the Associated General Contractors of America released Jan. 2.


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Construction Industry Adds 11,000 Jobs in September but Struggles to Fill Openings

Employment dips at nonresidential firms, as industry’s 3.8 percent unemployment rate and large number of job openings point to difficulty finding qualified workers in tight job market
January 1, 2024
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The construction industry added 11,000 jobs in September as unemployment rates for the sector remained at historically low levels, prompting contractors to raise pay faster than for other jobs, according to an analysis of new government data the Associated General Contractors of America released Oct. 6.


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Construction Employment Increases in 226 of 358 Metro Areas from July 2022 to 2023

Dallas-Plano-Irving, Texas; Yuba City, California; and Corvallis, Oregon, lead the nation in employment increases; Miami-Miami Beach-Kendall, Florida, and Kankakee, Illinois, have the largest number and percent of job losses
November 28, 2023
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Construction employment increased in 226 of 358 metro areas between July 2022 and 2023, according to an analysis by the Associated General Contractors of America of new government employment data.


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Construction Firms Add 19,000 Jobs in July as Unemployment and Average Pay Increase

Construction employment reaches 7,791,000 in July as data shows firms can’t find enough workers to replace retiring workers and association officials call for new investments in construction education
November 14, 2023
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The construction industry added 19,000 jobs in July even as the sector’s unemployment rate increased, according to an analysis of new government data the Associated General Contractors of America released Aug. 4.


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Construction Sector Adds 23,000 Jobs in October as Unemployment Falls to 4 Percent

Both residential and nonresidential firms boost employment as average hourly pay for construction craft workers increases 5.4 percent over the year, outpacing gain for all production employees
November 8, 2023
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The construction industry added 23,000 jobs in October as unemployment rates for the sector hovered near the all-time low for the month, according to an analysis of new government data the Associated General Contractors of America released Nov. 3.


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Construction Spending Rises 0.4 Percent in September with Record-High Job Openings

Both residential and nonresidential spending post monthly increases, while sharp decline in hiring suggests further growth in spending may be difficult unless industry can attract more workers
November 7, 2023
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Total construction spending increased by 0.4 percent in September, yet a record-high number of job openings suggests the industry would be completing even more projects if it could hire enough workers, according to an analysis of federal spending data the Associated General Contractors of America released Nov. 1.


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Construction Employment Rises in 45 States from June 2022 to 2023

Texas and Arkansas top list of yearly gains while Missouri, North Dakota and Vermont have worst losses; Texas and South Dakota lead in monthly job increases while Virginia and Iowa experience largest declines
November 3, 2023
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Construction employment increased in 45 states in June from a year earlier, while 33 states added construction jobs from May to June, according to a new analysis of federal employment data released by the Associated General Contractors of America on July 21.


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Construction Employment Rises in 212 Metro Areas from September 2022 to 2023

Dallas-Plano-Irving, Texas, and Baton Rouge, Louisiana, register the largest number and percent of job gains; Houston-The Woodlands-Sugar Land, Texas, and Kankakee, Illinois, experience worst year-over-year losses
November 1, 2023
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Construction employment increased in 212 of 358 metro areas between September 2022 and 2023, according to an analysis by the Associated General Contractors of America of new government employment data.


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Construction Spending Grows 0.5 Percent in August to a $1.98 Trillion Annual Rate

All major segments post year-over-year increases, while strength in manufacturing, power, office, and highway and street construction offsets declines in commercial construction between July and August
October 7, 2023
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Total construction spending increased by 0.5 percent in August, driven by increases in most large nonresidential construction segments in addition to residential projects, according to an analysis of federal spending data the Associated General Contractors of America released Oct. 2.


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Construction Employment Rises in 223 of 358 Metro Areas from August 2022 to 2023

Dallas-Plano-Irving, Texas, and Baton Rouge, Louisiana, register the largest number and percent of job gains; Houston-The Woodlands-Sugar Land, Texas, and Kankakee, Illinois, experience worst year-over-year losses
October 6, 2023
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Construction employment increased in 223 of 358 metro areas between August 2022 and 2023, according to an analysis by the Associated General Contractors of America of new government employment data.


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