News
Construction Spending Increases 0.4 Percent As Record-high September Job Openings Imply Contractors Are Struggling To Keep Up With Demand
Wed, 11/01/2023 – 12:31 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 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…
Read MoreConstruction Employment Rises In 43 States & D.C. From September 2022 To September 2023, While 28 States & D.C. Added Employees Last Month
Fri, 10/20/2023 – 12:14 Texas and Wyoming Top Lists of Year-over-Year Gains, While Missouri, North Dakota Record the Worst Losses; Oregon and Rhode Island Lead in Monthly Increases, While Virginia and Alaska Experience Largest Declines Construction employment increased in 43 states and the District of Columbia in September from a year earlier, while 28 states and…
Read MoreConstruction Industry Kicks Off Week-Long Focus On Diversity & Inclusion With “Toolbox Talk” Among Workers At K.C. Current Stadium Project
Mon, 10/16/2023 – 11:54 Local Activity is One of Thousands Planned Across the Country as Part of Construction Inclusion Week, an Industry-Wide Effort to Foster Diversity and Inclusion in High-Paying Construction Careers The Associated General Contractors of America kicked off its support for the week-long, nationwide series of events called Construction Inclusion Week with a…
Read MoreConstruction Employment Rises By 11,000 Jobs In September But Firms Struggle To Fill Openings Despite 5.5 Percent Increase In Hourly Pay
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 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…
Read MoreConstruction Spending Grows 0.5 Percent In August To A $1.98 Trillion Annual Rate With Widespread Residential And Nonresidential Gains
Mon, 10/02/2023 – 12:08 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 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…
Read MoreConstruction Employment Increases In 223 Of 358 Metro Areas Between August 2022 And August 2023 As Contractors Try To Keep Up With Demand
Wed, 09/27/2023 – 10:30 Dallas-Plano-Irving, Texas, and Baton Rouge, La. Register the Largest Number and Percent of Job Gains; Houston-The Woodlands-Sugar Land, Texas and Kankakee, Ill. Experience Worst Year-over-Year Losses Construction employment increased in 223 of 358 metro areas between August 2022 and August 2023, according to an analysis by the Associated General Contractors of America of new…
Read More78 Percent Of Civil Contractors Expect Project Backlog Increase Or Remain The Same As Infrastructure Funding Kicks In, New Study By AGC And Procore Finds
Tue, 09/26/2023 – 10:52 Labor Shortages & Productivity Challenges Threaten to Undermine Success in Building New Infrastructure Projects, Firms Eager to Embrace Technologies to Help According to a report released today by Procore Technologies, Inc. (NYSE: PCOR) and the Associated General Contractors of America (AGC), 78% of civil and infrastructure construction firms expect their project backlog to increase or…
Read MoreConstruction Employment Rises In 45 States & D.C. From August 2022 To August 2023, While 32 States & D.C. Add Employees Between July & August
Tue, 09/19/2023 – 11:40 Texas and Wyoming Top Lists of Year-over-Year Gains, While Missouri, North Dakota Record the Worst Losses; California and Wyoming Lead in Monthly Job Increases, While Tennessee Experiences Largest Declines Construction employment increased in 45 states and the District of Columbia in August from a year earlier, while 32 states and D.C. added…
Read MoreProducer Price Index For Construction Materials And Services Rises 1.1 Percent In August, Outpacing 0.2 Increase In Contractors’ Bid Prices
Thu, 09/14/2023 – 12:37 Monthly Jump in Input Costs is Driven by Near-Record 34.6 Percent Leap in Diesel Fuel Price Index; Contractors Report Major Staffing Challenges in Association’s Latest Survey of Hiring Conditions The price of materials and services used in nonresidential construction increased 1.1 percent from July to August, driven by an extreme jump in…
Read MoreNew Survey Shows Significant Flaws In Nation’s Approach To Preparing Workers For Construction Careers And How That Hurts The Economy
Wed, 09/06/2023 – 12:00 88 Percent of Construction Firms Having a Hard Time Finding Workers to Hire, Undermining Efforts to Build Infrastructure & Other Projects as Firms Boost Pay, Embrace AI to Cope with Labor Shortages Few candidates have the basic skills needed to work in high-paying construction careers, forcing short-staffed contractors to find new…
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