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Association survey finds contractors optimistic about adding workers in 2023 but worried about finding enough workers to fill positions; calls for immigration reform and investments in construction education
Construction firms added 28,000 employees in December and continued to raise wages for hourly workers more than other sectors, as the industry’s unemployment rate fell to a record low for the month, according to an analysis by the Associated General Contractors of America of new government data.
Association officials urge Biden Administration to address infrastructure regulatory and funding delays, released 2023 outlook during virtual briefing on Jan. 4 offering hiring and market predictions
Total construction spending increased by 0.2 percent in November, dragged down by a lack of new infrastructure projects along with a continuing slide in homebuilding, according to an analysis the Associated General Contractors of America released Jan. 3 of federal spending data. Association officials urged leaders in Washington to speed the release of funds authorized by infrastructure laws passed in 2021 and 2022 and address regulatory delays associated with those projects.
Houston-The Woodlands-Sugar Land, Texas, and Provo-Orem, Utah, have largest 12-month gains, while Orlando-Kissimmee-Sanford, Florida, has lost the most total jobs and has the fastest rate of annual decline
Construction employment increased in 268 of 358 metro areas between November 2021 and November 2022, according to an analysis by the Associated General Contractors of America of new government employment data. Association officials said the job gains likely would have been higher, but that many contractors report that demand for new projects is outpacing the availability of workers in many parts of the country.
New data shows the construction industry continues to struggle to offset rising prices for materials and subcontractor services, as price decline in latest month fails to offset annual cost increases
The price of materials and services used in nonresidential construction continued rising at a double-digit rate in November from a year earlier, propelled by outsized increases in the cost of a variety of building materials, according to an analysis by the Associated General Contractors of America of government data released Dec. 9. Association officials noted that contractors are having to pay more both for materials and for the subcontractor services they need to finish most projects.
But record-tying low unemployment rate of 3.9 percent and elevated number of job openings suggest construction industry continues to fall short of hiring as many workers as it needs
Construction companies added 20,000 employees in November and continued to raise wages for hourly workers more steeply than other sectors as the industry’s unemployment rate tumbled, according to an analysis by the Associated General Contractors of America of new government data. Association officials said the data shows that firms would have added significantly more workers if they could find more people to hire.
Construction spending declines 0.3 percent from September with decreases for residential, commercial, highway and manufacturing segments; contractors fill less than half the open positions in October
Total construction spending decreased by 0.3 percent for the month of October, with downturns in homebuilding and most major nonresidential categories, according to an analysis the Associated General Contractors of America released Dec. 1 of federal spending data. Association officials noted contractors are struggling to complete projects as the number of open positions at the end of October topped hires in the month.
Houston-The Woodlands-Sugar Land, Texas, and Provo-Orem, Utah, post the largest year-over-year gains; Orlando-Kissimmee-Sanford, Florida, and Baton Rouge, Louisiana, experience the worst decreases over 12 months
Construction employment increased in 268, or 75 percent, of 358 metro areas between October 2021 and October 2022, according to an analysis by the Associated General Contractors of America of new government employment data. Association officials noted, however, that job vacancies outpaced hiring, as construction firms struggle to find enough qualified workers to hire.
Construction pay continues to increase as average hourly earnings hits $35.27, as industry officials push for measures to encourage more people to pursue high-paying construction careers
The construction industry added only 1,000 employees in October while it continued to boost wages for hourly workers, as firms compete to hire from a small labor pool, according to an analysis by the Associated General Contractors of America of new government data. Association officials said the small increase in construction employment is an indication of how hard it has become for construction firms to find qualified workers to hire.
Construction association cautions that new Buy America rules will only add to the pain by limiting contractors’ ability to bargain on pricing for federally funded infrastructure and building projects
The price of materials and services used in nonresidential construction jumped 12.6 percent in September from a year earlier despite a dip of 0.2 percent last month, according to an analysis by the Associated General Contractors of America of government data released Oct. 12. Association officials note that the construction industry was suffering the most from inflation, adding that new Buy America rules set to go into effect as soon as next month will only make the situation more dire.
Houston-The Woodlands-Sugar Land, Texas; Muskegon, Michigan; and Bloomington, Illinois, have largest 12-month gains; Orlando-Kissimmee-Sanford, Florida, and Richmond, Virginia, experience the worst year-over-year decreases
Construction employment increased in 246, or 69 percent, of 358 metro areas between August 2021 and August 2022, according to an analysis by the Associated General Contractors of America of new government employment data. But association officials noted the job gains likely would have been higher if firms could find more qualified people to hire and train.
