Construction input prices decreased by 0.3 percent in November compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released Dec. 13.
Associated Builders and Contractors issued a statement on April 23 opposing the Federal Trade Commission’s final rule to ban non-compete clauses. The FTC voted 3-2 to issue the final rule on April 23.
Associated Builders and Contractors reported Dec. 12 that its Construction Backlog Indicator inched up to 8.5 months in November from 8.4 months in October, according to an ABC member survey conducted from Nov. 20 to Dec. 4.
The construction industry added 2,000 jobs on net in November, according to an Associated Builders and Contractors analysis of data released Dec. 8 by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 200,000 jobs, an increase of 2.6 percent.