Articles Tagged with ''construction employment''

Contractors report a shift in market momentum, with survey data showing signs of pressure in some sectors even as confidence holds above growth thresholds.

At GMS Expo 2025 in San Diego, NewEdge Wealth CIO Cameron Dawson spotlighted banking stability, labor shortages, housing pressures, and political risks impacting construction.  

Producer prices fell in August, but construction input costs climbed as metals and diesel rose. With jobs revised lower, contractors face uneven pressures closing out 2025.

The construction industry shed 7,000 jobs in August—its third consecutive monthly decline—though unemployment fell to a record-tying low of 3.2 percent as labor shortages persist.

The company announced the addition of Pete Kraus III as project manager.

In July, Associated Builders and Contractors reported that construction backlogs rose to 8.8 months—driven by infrastructure and data center projects—while contractor confidence slipped, especially on profit margins, amid rising material costs and tariff-related price increases.

Increases in nonresidential construction employment were tempered by declines in residential construction jobs; average hourly earnings up 4.7 percent as unemployment rate falls to 3.5 percent.

ABC reports industry job openings decreased by 38,000 last month and are down by 90,000 from the same time last year.

The Associated Builders and Contractors reports on new job hires in March.