News

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to President Obama's State of the Union address: "It is encouraging that the president identified getting swift passage of both new long-term surface transportation and Water Resources Development bills as among his top priorities for the year.  We expect Congress will heed his call for action on these two critical pieces of legislation and will work aggressively to help ensure their swift passage.  We also expect that the administration's FY 2015 budget proposal will reflect the president's priorities and provide additional details about how to address chronic revenue shortfalls that once again threaten the viability of the Highway Trust Fund.
Construction firms added jobs in 34 states over the past 12 months, but construction employment declined in 32 states and the District of Columbia between November and December as many parts of the country coped with weather, according to an analysis released today by AGC of America of Labor Department data. Association officials noted that while weather in parts of the country likely contributed to many of the declines, they urged Washington officials to take steps to ensure continued growth for the industry and the economy.
Many firms plan to start hiring again and most contractors predict demand will either grow or remain stable in virtually every market segment this year according to survey results released today by the Associated General Contractors of America. The survey, conducted as part of Optimism Returns: The 2014 Construction Industry Hiring and Business Outlook, provides a generally upbeat outlook for the year even as firms worry about growing worker shortages, rising costs and the impact of new regulations and federal budget cutting.
Construction employment declined by 16,000 in December but the industry unemployment rate fell to 11.4 percent, according to an analysis of new government data by AGC of America.  Association officials noted that the new employment data was likely impacted by cold weather, but also reflects underlying weakness in the construction sector.
Total construction spending increased between October and November and for the year amid growing private-sector demand, according to an analysis of new Census Bureau data by AGC of America. Association officials noted, however, that the spending levels were held back by declining public sector investments for both the month and the year.
Construction employment expanded in 211 metro areas, declined in 67 and was stagnant in 61 between November 2012 and November 2013, according to a new analysis of federal employment data released today by AGC of America.  Association officials said the employment gains were encouraging, but cautioned that future gains were dependent on continued economic growth and new investments in aging domestic infrastructure.
Construction firms added jobs in 39 states over the past 12 months, while employment nearly stabilized in the remainder, according to an analysis released today by AGC of America of Labor Department data. Association officials cautioned that the industry’s recovery was still relatively fragile, noting that a number of states experiencing large annual gains lost jobs during the past month.
Construction employers added 17,000 jobs in November as the sector’s employment hit the highest level since August 2009, and the industry unemployment rate fell to 8.6 percent, according to an analysis of new government data by AGC of America. Association officials noted that the new employment figures come as construction spending levels hit a four-year high in October.
An unusual surge in public construction in October pushed total construction spending to its highest level since May 2009 despite a dip in both private residential and nonresidential activity, according to an analysis of new Census Bureau data by AGC of America.
Construction employment expanded in 215 metro areas, declined in 74 and was stagnant in 50 between October 2012 and October 2013, according to a new analysis of federal employment data released today by AGC.  Association officials added that despite the widespread jobs gains, construction employment remains below peak levels in 315 metro areas.