News – Page 27 – Central Electric Inspection Bureau

Nonresidential Construction Spending Down Nearly 1% in June, Says ABC

by Erika Walter

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WASHINGTON, Aug. 2—National nonresidential construction spending declined 0.9% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $779.9 billion for the month, down 6.6% from one year ago.

ABC: Newly Confirmed Members Threaten NLRB’s Role as Neutral Arbiter of the Law

29Jul

by Erika Walter

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WASHINGTON, July 29—Following the U.S. Senate confirmation of President Biden’s nominees to serve as members of the National Labor Relations Board, Associated Builders and Contractors issued the following statement.

U.S. Economy Expands in Second Quarter, Investment in Structures Contracts, Says ABC

29Jul

by Erika Walter

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WASHINGTON, July 29–The U.S. economy expanded at a 6.5% annualized rate in the second quarter of 2021, pushing overall gross domestic product above pre-pandemic levels. Investment in nonresidential structures, however, declined 7% for the quarter and has now contracted in six of the past seven quarters, according to an analysis by Associated Builders and Contractors of data released today by the U.S. Bureau of Economic Analysis.

ABC: DOL’s Decision to Rescind 2020 Joint Employer Final Rule Disappointing, But Not Surprising

29Jul

by Erika Walter

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WASHINGTON, July 29—Associated Builders and Contractors today released the following statement on the U.S. Department of Labor’s rescission of the Joint Employer Status Under the Fair Labor Standards Act final rule.

ABC: DOL’s Decision to Rescind Joint Employer Final Rule Disappointing, But Not Surprising

29Jul

by Erika Walter

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WASHINGTON, July 29—Associated Builders and Contractors today released the following statement on the U.S. Department of Labor’s rescission of the Joint Employer Status Under the Fair Labor Standards Act final rule.

State Construction Unemployment Rates Down in 45 States From a Year Ago, Says ABC

28Jul

by Yves Mavuba

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WASHINGTON, July 28—The not seasonally adjusted national construction unemployment rate was down 2.6% in June 2021 from a year ago and 45 states had lower unemployment rates over the same period, according to state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Although not back to pre-pandemic levels, both overall employment and construction employment have demonstrated significant improvement during the past year.

ABC to Senate: The PRO Act Is a Wolf in Sheep’s Clothing

22Jul

by Erika Walter

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WASHINGTON, July 22—Ahead of today’s U.S. Senate Committee on Health, Education, Labor and Pensions’ hearing on the Protect the Right to Organize Act, Associated Builders and Contractors released the following statement.

Construction Input Prices Rise 2.8% in June, Says ABC

14Jul

by Erika Walter

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WASHINGTON, July 14—Construction input prices increased 2.8% in June compared to the previous month, according to an Associated Builders and Contractors analysis of Producer Price Index data released today by the U.S. Bureau of Labor Statistics. Nonresidential construction input prices increased 2.9% for the month.

ABC-Led Coalition Announces Six-Figure Advocacy Campaign

14Jul

by Erika Walter

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WASHINGTON, July 14—Build America Local, a coalition of construction industry and business organizations led by Associated Builders and Contractors, today announced a six-figure issue advocacy campaign aimed at educating Americans and members of the U.S. Senate about controversial government-mandated project labor agreements that reduce competition and increase costs for the construction of taxpayer-funded affordable housing, clean energy and infrastructure projects across America.

ABC’s Construction Backlog Indicator and Contractor Confidence Index Rise in June

13Jul

by Erika Walter

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WASHINGTON, July 13—Associated Builders and Contractors reports today that its Construction Backlog Indicator rose to 8.5 months in June, according to an ABC member survey conducted June 20-July 6, 0.5 months higher than in May 2021 and 0.4 months higher than in June 2020.