News – Page 13 – Central Electric Inspection Bureau

President Biden’s Inflationary PLA Schemes Hurt Taxpayers and Construction Job Creators

by Erika Walter

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WASHINGTON, Aug. 18—Associated Builders and Contractors today released the following statement in response to the publication of a proposed rule, Federal Acquisition Regulation: Use of Project Labor Agreements for Federal Construction Projects, implementing President Biden’s Executive Order 14063, which requires federal construction contracts of $35 million or more to be subjected to controversial project labor agreements.

ABC Announces 2022-2023 Tech Alliance Members

15Aug

by Erika Walter

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WASHINGTON, Aug. 15—Associated Builders and Contractors today announced the members of its third annual Tech Alliance—a consortium of firms that create construction technology and innovative solutions for ABC contractor members, the majority of which primarily perform work in the industrial and commercial sectors.

House Passage of Democrats’ Reconciliation Package Fails Job Creators and Hardworking Taxpayers

12Aug

by Erika Walter

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WASHINGTON, Aug. 12—Associated Builders and Contractors released the following statement after the U.S. House of Representatives passed Senate Democrats’ $740 billion tax-and-spend bill.

Monthly Construction Input Prices Decreased 2% in July, Up 17% From a Year Ago, Says ABC

11Aug

by Erika Walter

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WASHINGTON, Aug. 11—Construction input prices decreased 1.8% in July compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices decreased 1.8% for the month as well.

ABC’s Construction Backlog Indicator and Contractor Confidence Index Waver in July

09Aug

by Erika Walter

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WASHINGTON, August 9—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell 0.2 months in July and stands at 8.7 months, according to an ABC member survey conducted July 20 to Aug. 3. The reading is up 0.2 months from July 2021.

ABC: Democrats’ Reckless Reconciliation Package Will Worsen Inflation, Not Curb It

06Aug

by Erika Walter

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WASHINGTON, Aug. 6—Associated Builders and Contractors today released the following statement on Senate Democrats’ “Inflation Reduction Act,” a $740 billion tax-and-spending spree scheduled to pass in a partisan political process at a time when our economy is pointed toward recession.

ABC: Construction Employment Increases By 32,000 in July

05Aug

by Erika Walter

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WASHINGTON, Aug. 5—The construction industry added 32,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 311,000 jobs, or 4.2%.

ABC Urges Support for Senate Resolution That Preserves Construction Permitting Reforms, Reduces Costs and Delays

04Aug

by Erika Walter

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WASHINGTON, Aug. 4—Associated Builders and Contractors Vice President of Legislative & Political Affairs Kristen Swearingen issued the following statement regarding today’s vote on a Congressional Review Act resolution introduced by Sen. Dan Sullivan, R-Alaska, to overturn the Biden administration’s National Environmental Policy Act rule:

ABC: Construction Unemployment Is Under 2% in 10 States

03Aug

by Erika Walter

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WASHINGTON, Aug. 3—The not seasonally adjusted national construction unemployment rate plunged 3.8% in June 2022 from June 2021, down from 7.5% to 3.7%. Meanwhile, all 50 states had lower unemployment rates over the same period, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Ten states had an estimated construction unemployment rate under 2%; the highest unemployment rate was 6.5% in New Mexico.

Construction Job Openings Decreased by 71,000 in June; US Economy Poised to Slow, Says ABC

02Aug

by Erika Walter

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WASHINGTON, Aug. 2—The construction industry had 334,000 job openings in June, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Opening and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings decreased by 71,000 last month but are up 13,000 from the same time last year.