Five years after states first started shedding construction jobs, construction employment remains below peak levels in all fifty states and the District of Columbia according to a new analysis released today by Íæż½ã½ã. Given the continued weakness in construction employment, Íæż½ã½ã is launching a new effort to encourage Congress to pass years-late legislation to fund highway, bridge and transit construction work.
The amount contractors pay for a range of key construction materials edged down 0.2 percent in December but climbed 5.3 percent from a year earlier, according to an analysis of producer price index figures released today by Íæż½ã½ã. Meanwhile, the amount contractors charge to construct projects remained largely flat for the month and is up only between 3.3 and 4.7 percent for the year, cutting into contractor earnings and adding to the challenges the hard-hit industry is facing, Íæż½ã½ã officials said.
The unemployment rate for construction workers in December was 16 percent, not seasonally adjusted, nearly double the rate for all workers. Yet the number of unemployed construction workers has fallen to the point that some companies may soon have trouble attracting the particular workers they need. How can this be?
Construction employment increased in December by 17,000 driven by gains in nonresidential construction employment, according to an analysis of new federal employment data released today by Íæż½ã½ã.
Construction employment declined in 146 out of 337 metropolitan areas between November 2010 and November 2011, increased in 131 and stayed level in 60, according to a new analysis of federal employment data released today by Íæż½ã½ã.
Construction employment rose in only 19 states and the District of Columbia in November, a weaker showing than in recent months, according to an analysis of Labor Department data by Íæż½ã½ã . In contrast, 25 states plus D.C. added jobs on a year-over-year basis, while 24 states shed construction jobs.
The amount contractors pay for a range of key construction materials edged down 0.1 percent in November but climbed 6.2 percent from a year earlier, outstripping the increase in contractors’ bid prices for finished buildings, according to an analysis of producer price index figures released today by Íæż½ã½ã. Officials with the construction association warned that the cost squeeze on contractors, combined with declining public sector investments in construction, may drive many contractors out of business.
Construction employment declined in 146 out of 337 metropolitan areas between October 2010 and October 2011, according to a new analysis of federal employment data released by Íæż½ã½ã.Â
Construction employment shrank for the second straight month in November as residential, nonresidential building and heavy construction segments remained in low gear, according to an analysis of new federal employment data released today by Íæż½ã½ã. Association officials said the employment drop reflects continued declines in public sector investments. They added that construction employment could benefit from increased transportation investments and other pro-growth measures designed to boost private sector demand.
Construction spending increased for the third straight month in October as private activity strengthened while public spending shrank, Íæż½ã½ã reported today in an analysis of new Census Bureau data. Íæż½ã½ã officials cautioned that further declines in public sector activity may soon swamp gains in homebuilding and private nonresidential investment.