News – Page 36 – Central Electric Inspection Bureau

ABC Celebrates Career Technical Education During Apprenticeship Week

by Donna Reichle

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WASHINGTON, Nov. 8—Apprenticeships are a key part of Associated Builders and Contractors’ commitment to an all-of-the-above approach for developing a safe, skilled and productive workforce that meets the current and future needs of the construction industry. During the U.S. Department of Labor’s Apprenticeship Week, Nov. 8-14, ABC celebrates the value of earn-while-you-learn opportunities for women, minorities, veterans, students, non-graduates and people laid off during the pandemic or seeking new careers, re-entry to the workforce or a second chance.

Nonresidential Construction Employment Expands in October, Says ABC

06Nov

by Donna Reichle

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WASHINGTON, Nov. 6—The construction industry added 84,000 net new jobs in October, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. During the last six months, the industry has added 789,000 jobs, recovering 73% of the jobs lost during earlier stages of the pandemic.

Nonresidential Construction Spending Declines Further in September, Says ABC

02Nov

by Donna Reichle

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WASHINGTON, Nov. 2—National nonresidential construction spending fell 1.6% in September, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, monthly spending totaled $794.3 billion.

U.S. Economy Expands at 33.1% annual rate in Q3 of 2020, says ABC

29Oct

by Rachel O'Grady

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WASHINGTON, Oct. 29—The U.S. economy expanded at an annualized rate of 33.1% during the third quarter of 2020, helping to offset a significant share of the economic loss sustained during the second quarter, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. Increases in personal consumption expenditures, private inventory investment and exports drove the partial rebound.

ABC’s Free Enterprise Alliance Announces Million-dollar Issue Advocacy Ad Buy

21Oct

by Rachel O'Grady

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WASHINGTON, Oct. 21—Associated Builders and Contractors’ Free Enterprise Alliance, which educates elected officials and the public about the importance of fair and open competition, today announced it has made a million dollar issue advocacy ad buy in 25 states nationwide. The advocacy campaign, which includes digital ads and mailers, will educate voters on the dangers of the PRO Act, highlight benefits of the Paycheck Protection Program, and encourage voting in the upcoming election.

Monthly Construction Input Prices Rise in September, Says ABC

14Oct

by Rachel O'Grady

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WASHINGTON, Oct. 14—Construction input prices increased 1.6% in September 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 rose 1.4% for the month.

ABC’s Construction Backlog Slips in September; Contractors Remain Optimistic

13Oct

by Rachel O'Grady

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WASHINGTON, Oct. 13—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 7.5 months in September, a decline of 0.5 months from August’s reading, according to an ABC member survey conducted Sept. 20-Oct. 6. Backlog is 1.5 months lower than in September 2019.

Majority of Contractors Fear Long-term Business Implications of COVID-19, According to Construction Executive Survey

08Oct

by Rachel O'Grady

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WASHINGTON, Oct. 8—More than 85% of contractors have been negatively impacted by COVID-19, according to the results of an August reader survey conducted by Construction Executive magazine, which is published by Associated Builders and Contractors. Supply chain disruptions, prolonged municipal permitting processes and delayed inspections due to office closures are all factors contributing to the increased rate of postponement and/or cancellation of construction projects.

Nonresidential Construction Employment Expands in September, Says ABC

02Oct

by Rachel O'Grady

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WASHINGTON, Oct. 2—The construction industry added 26,000 jobs on net in September, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. During the last five months, the industry has added 689,000 jobs, recovering approximately 64% of the jobs lost since the start of the pandemic.

Nonresidential Construction Spending Falls Slightly in August, Says ABC

01Oct

by Rachel O'Grady

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WASHINGTON, Oct. 1—National nonresidential construction spending fell 0.1% in August, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $814.3 billion for the month.