Overcoming Obstacles to Drive Digital Transformation in Construction
December Construction Employment Up by 28,000
According to data released today by the US Bureau of Labor Statistics, the national construction industry added 28,000 jobs on net in December.
Key Takeaways
Nonresidential Construction Spending Increases 1% in November
Key Takeaways
- National nonresidential construction spending increased 1% in November.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $930.1 billion for the month.
- “The average nonresidential contractor starts 2023 with considerable backlog.
ENR Releases 2023 Economic Forecast
ENR has released their 2023 market forecast:
2023 Economic Forecast: Markets Are Mixed for Year Ahead
Inflation, rising interest rates and a possible global recession continue to top the list of forecasters’ concerns for the coming year.
November Construction Employment Up by 20,000
According to data released today by the US Bureau of Labor Statistics, the national construction industry added 20,000 jobs on net in November.
Key Takeaways
Nonresidential Construction Spending Down 0.3% in October
Key Takeaways
- National nonresidential construction spending decreased 0.3% in October.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $898.4 billion for the month.
- “The only bright spot: the 0.6% increase in publicly financed nonresidential construction spending.
October Construction Employment Up by 1,000
According to data released today by the US Bureau of Labor Statistics, the national construction industry added 1,000 jobs on net in October.
Key Takeaways
Nonresidential Construction Spending Increases in September
Key Takeaways
- National nonresidential construction spending increased 0.5% in September.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $883.9 billion for the month.
- “Contractors that focus on public construction work stand to be in far better shape given recent federal legislation and
Nonresidential Construction Adds 13,100 Jobs in September
According to data released today by the US Bureau of Labor Statistics, the national construction industry added 19,000 jobs on net in September.
Key Takeaways
Nonresidential Construction Spending Down 0.4% in August
Key Takeaways
- National nonresidential construction spending decreased 0.4% in August.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $859.3 billion for the month.
- “Federal officials can shore up slowing demand for construction by moving more quickly to fund new projects.
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