According to data released today by the US Bureau of Labor Statistics, the national construction industry added 25,000 jobs on net in January.

Key Takeaways

Key Takeaways

• National nonresidential construction spending decreased by 0.5% in December.
• On a seasonally adjusted annualized basis, nonresidential spending totaled $943.5 billion for the month.
• "Despite the decline, nonresidential spending is up 13.8% year over year, an increase outpacing both overall inflation (6.4%) and material

Original article on constructionexec.com

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

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 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.

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

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.

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

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 excess pandemic rel