flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Construction firms add 5,000 jobs in April

Market Data

Construction firms add 5,000 jobs in April

Unemployment down to 4.4%; Specialty trade jobs dip slightly.


By Construction Employers of America | May 16, 2017

Pixabay Public Domain

The Bureau of Labor Statistics recently released its April jobs report, revealing that employment in the construction industry increased by 5,000 jobs (seasonally adjusted). While the economy added 211,000 jobs, total specialty trade employment contracted nominally, shedding 1,500 positions in April.

“While the country’s employment report is promising, the Construction Employers of America is concerned that specialty trade construction employment may be stagnating,” said Jack Jacobson, spokesperson for CEA. “Immediate action by Congress and the Administration on tax reform, repatriation of foreign corporate assets to domestic investment pools, and a public construction infrastructure package will shore up employment in the specialty construction sector and keep employment growing across the country.”

The BLS report did have a bright spot for the specialty construction industry as total residential and nonresidential specialty construction employment is up by 127,000 positions over the same point in 2016. April’s loss of 5,100 nonresidential specialty construction jobs serves as a warning and should spur policymakers to take immediate action.

“Our construction firms stand ready to rebuild America,” continued Jacobson. “CEA members continue to invest in workforce development, training, and robust apprenticeship programs to prepare the next generation of blue collar workers to build critical infrastructure. Federal action today will drive further job growth and employ more Americans that will strengthen the middle class for years to come.”

Related Stories

Market Data | Feb 1, 2019

Construction spending is projected to increase by more than 11% through 2022

FMI’s annual outlook also expects the industry’s frantic M&A activity to be leavened by caution going forward.

Market Data | Jan 23, 2019

Architecture billings slow, but close 2018 with growing demand

AIA’s Architecture Billings Index (ABI) score for December was 50.4 compared to 54.7 in November.

Market Data | Jan 16, 2019

AIA 2019 Consensus Forecast: Nonresidential construction spending to rise 4.4%

The education, public safety, and office sectors will lead the growth areas this year, but AIA's Kermit Baker offers a cautious outlook for 2020.

Market Data | Dec 19, 2018

Brokers look forward to a commercial real estate market that mirrors 2018’s solid results

Respondents to a recent Transwestern poll expect flat to modest growth for rents and investment in offices, MOBs, and industrial buildings.

Market Data | Dec 19, 2018

When it comes to economic clout, New York will far outpace other U.S. metros for decades to come

But San Jose, Calif., is expected to have the best annual growth rate through 2035, according to Oxford Economics’ latest Global Cities report.

Market Data | Dec 19, 2018

Run of positive billings continues at architecture firms

November marked the fourteenth consecutive month of increasing demand for architectural firm services.

Market Data | Dec 5, 2018

ABC predicts construction sector will remain strong in 2019

Job growth, high backlog and healthy infrastructure investment all spell good news for the industry.

Market Data | Dec 4, 2018

Nonresidential spending rises modestly in October

Thirteen out of 16 subsectors are associated with year-over-year increases.

Market Data | Nov 20, 2018

Construction employment rises from October 2017 to October 2018 in 44 states and D.C.

Texas has biggest annual job increase while New Jersey continues losses; Iowa, Florida and California have largest one-month gains as Mississippi and Louisiana trail.

Market Data | Nov 15, 2018

Architecture firm billings continue to slow, but remain positive in October

Southern region reports decline in billings for the first time since June 2012.

boombox1
boombox2
native1

More In Category


Contractors

Nonresidential construction spending decreased 0.2% in June

National nonresidential construction spending declined 0.2% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.21 trillion. Nonresidential construction has expanded 5.3% from a year ago.



Construction Costs

Data center construction costs for 2024

Gordian’s data features more than 100 building models, including computer data centers. These localized models allow architects, engineers, and other preconstruction professionals to quickly and accurately create conceptual estimates for future builds. This table shows a five-year view of costs per square foot for one-story computer data centers. 

halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021