News – Page 8 – Central Electric Inspection Bureau

ABC’s Construction Backlog Indicator Down to Start 2023; Contractor Confidence Rises

by Erika Walter

0

WASHINGTON, Feb. 14—Associated Builders and Contractors reports today that its Construction Backlog Indicator declined 0.2 months to 9.0 in January, according to an ABC member survey conducted Jan. 20 to Feb. 3. The reading is 1.0 month higher than in January 2022.

Construction Workforce Shortage Tops Half a Million in 2023, Says ABC

09Feb

by Erika Walter

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WASHINGTON, Feb. 9—The construction industry will need to attract an estimated 546,000 additional workers on top of the normal pace of hiring in 2023 to meet the demand for labor, according to a proprietary model developed by Associated Builders and Contractors.

ABC Responds to President Biden’s 2023 State of the Union Address

08Feb

by Erika Walter

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WASHINGTON, Feb. 7—Associated Builders and Contractors President and CEO Michael Bellaman released the following statement responding to President Joe Biden’s 2023 State of the Union address.

ABC: State Construction Unemployment Is Down in 32 States From a Year Ago

06Feb

by Erika Walter

0

WASHINGTON, Feb. 6—The not seasonally adjusted national construction unemployment rate dropped 0.6% in December 2022 from a year ago, down from 5% to 4.4%, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Thirty-two states had lower unemployment rates over the same period, Iowa and Missouri were unchanged and 16 states were higher.

Construction Adds 25,000 Jobs in January, Says ABC

03Feb

by Erika Walter

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WASHINGTON, Feb. 3—The construction industry added 25,000 jobs on net in January, 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 risen by 294,000 jobs, an increase of 3.9%.

ABC’s Construction Executive Celebrates 20 Years, Redesigns Magazine

02Feb

by Erika Walter

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WASHINGTON, Feb. 2—Construction Executive, the magazine of the business of construction that is published by Associated Builders and Contractors, is celebrating its 20th anniversary this month by unveiling a completely redesigned version of the print magazine with its January-February 2023 issue as well as a new, dynamic content mix on its online platforms.

ABC: Nonresidential Construction Spending Dips 0.5% in December

01Feb

by Erika Walter

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WASHINGTON, Feb. 1—National nonresidential construction spending decreased by 0.5% in December, 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 $943.5 billion for the month.

Construction Job Openings Surge by 82,000 in December, Says ABC

01Feb

by Erika Walter

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WASHINGTON, Feb. 1—The construction industry had 413,000 job openings in December, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 82,000 for the month and are up by 54,000 from December 2021.

ABC: A Record 88% of the US Construction Industry Workforce Does Not Belong to a Union

19Jan

by Erika Walter

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WASHINGTON, Jan. 19—Associated Builders and Contractors released the following remarks today regarding the U.S. Department of Labor Bureau of Labor Statistics’ annual Union Members Summary. According to 2022 data, the percent of construction industry wage and salary workers belonging to unions dropped to a record low of 11.7%, a decline from 12.6% in 2021.

Inflation Easing: Monthly Construction Input Prices Drop 2.7% in December, Says ABC

18Jan

by Erika Walter

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WASHINGTON, Jan. 18—Construction input prices fell 2.7% in December 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 also declined 2.7% for the month.