A Sustainable Workforce Starts With You
Construction employment, seasonally adjusted, totaled a record-high 7,918,000 in February, an increase of 24,000 from the January total and 249,000 (3.2%) year-over-year (y/y), according to AGC’s analysis of data the Bureau of Labor Statistics (BLS) [node:read-more:link]
Construction spending (not adjusted for inflation) totaled $1.83 trillion in January at a seasonally adjusted annual rate, down 0.1% from the upwardly revised December rate and up 5.7% year-over-year (y/y), the Census Bureau reporte [node:read-more:link]
Two reports on construction starts in January point in different directions. Total construction starts in current dollars (i.e., not inflation-adjusted) slumped 27% from December to January at a seasonally adjusted annual rate and 14% year-over-year (y/y), Dodge Construction Network reported on Tuesday. [node:read-more:link]
Construction employment, pay rise in January; job openings set December record but spending slips [node:read-more:link]
Seasonally adjusted construction employment rose from November to December in 30 states and the District of Columbia and declined in 20 states, according to AGC’s [node:read-more:link]
Contractors’ input costs declined sharply, on balance, in December, as decreases in fuel, lumber, steel, and trucking costs outweighed increased prices for copper, aluminum, and concrete products, according to Bureau of Labor Statistics (BLS) data post [node:read-more:link]
Construction employment, seasonally adjusted, totaled a record-high 7,777,000 in December, an increase of 28,000 from the November total and 248,000 (3.3%) year-over-year (y/y), according to AGC’s [node:read-more:link]
Contractors are generally optimistic about the outlook for nonresidential and multifamily construction in 2023, but optimism is less widespread than a year ago, based on the 2023 AGC-Sage Construction Hiring and Business Outlook Survey, which AGC [node:read-more:link]
