News

More states lost construction jobs in May than at any point since June 2011 as 30 states experienced annual job losses and 27 states and D.C. lost jobs during the past month, according to an analysis by the Associated General Contractors of America of Labor Department data.
The amount contractors pay for a range of key construction materials edged down 0.3 percent in May and climbed by only 2.3 percent from a year earlier, according to an analysis of producer price index figures released today by the Associated General Contractors of America.
Construction employment fell in May by 28,000, the largest decline in two years, and is now at the lowest level since last August, according to an analysis of new federal data released today by AGC.  
Construction employment declined in 157 out of 337 metropolitan areas between April 2011 and April 2012, increased in 120 and stayed level in 60, according to a new analysis of federal employment data released today by AGC. Association officials said that construction employment continues to suffer from relatively weak demand being driven largely by declines in public sector investments.
Construction employment remained on a seesaw in April as only 19 states added jobs, 28 states and the District of Columbia had declines and three states maintained March employment levels, according to an analysis by AGC of Labor Department data.
The cost of construction materials took a breather in April, while contractors showed slightly greater ability to roll past price increases into their bids, according to an analysis of producer price index figures released today by AGC. 
The construction industry lost 2,000 jobs in April, following similar declines of 3,000 in March and 1,000 in February, but still added 63,000 jobs over the past year as the industry unemployment rate shrank to 14.5 percent—the lowest April level in four years, according to an analysis of new federal employment data released today by the Associated General Contractors of America. Association officials said that lack of long-term federal highway and transit funding, along with other infrastructure budget cuts, threatens to limit construction job growth.
Construction employment increased in 155 out of 337 metropolitan areas between March 2011 and March 2012, decreased in 134 and stayed level in 48, according to a new analysis of federal employment data released today by AGC. Association officials said that fewer metro areas added construction jobs in March compared to February because of disruptions to typical hiring patterns caused by weather.
Construction spending inched up in March 2012 to an annualized rate of $808 billion, up 0.1 percent compared to the previous month and is now 6 percent above year ago levels, according to a new analysis of federal data released today by AGC.  The overall gains mask divergent trends however, as public sector construction activity continues to decline while private sector demand for new construction continues to strengthen.
The momentum boosting the number of states adding construction jobs stalled in March as only 12 states and the District of Columbia added jobs since February, another 36 states lost construction jobs and employment levels remained flat in two other states, according to an analysis by AGC of Labor Department data. The year-over-year figures were little better, association officials added, noting that only 24 states and D.C. added construction jobs between March 2011 and 2012 while 24 lost jobs and two were unchanged.