Data & Figures - February 2024
- Dates & Figs
- February 27, 2024
All But Four States Had Construction Unemployment Rates Below 10% in March The national March 2025 not seasonally adjusted construction unemployment rate was 5.4%, unchanged from March 2024, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released on April 30 by Associated Builders and Contractors. The analysis found that 19 states
READ MOREThe construction industry added 13,000 jobs on net in March, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by a mere 143,000 jobs, an increase of 1.8%. Nonresidential construction employment increased by 22,300 positions on net in
READ MOREU.S. Census Construction Spending Total Construction Construction spending during January 2025 was estimated at a seasonally adjusted annual rate of $2,192.5 billion, 0.2 percent (±0.7 percent)* below the revised December estimate of $2,196.0 billion. The January figure is 3.3 percent (±1.3 percent) above the January 2024 estimate of $2,122.2 billion. Private Construction Spending on private
READ MORESoftness in construction spending predicted for 2025 & 2026 After increasing by almost 20% in 2023 and another 6% last year, construction spending for nonresidential buildings—commercial, industrial, and institutional facilities—is projected to slow dramatically this year and next. Panelists participating in The American Institute of Architects’ Consensus Construction Forecast are expecting gains of only 2.2%
READ MOREU.S. Census: MONTHLY CONSTRUCTION SPENDING, NOVEMBER 2024 Total Construction Construction spending during November 2024 was estimated at a seasonally adjusted annual rate of $2,152.6 billion, virtually unchanged from (±1.0 percent)* the revised October estimate of $2,152.3 billion. The November figure is 3.0 percent (±1.5 percent) above the November 2023 estimate of $2,090.7 billion. During the
READ MOREU.S. Census Total Construction Construction spending during October 2024 was estimated at a seasonally adjusted annual rate of $2,174.0 billion, 0.4 percent (±1.2 percent)* above the revised September estimate of $2,164.7 billion. The October figure is 5.0 percent (±1.5 percent) above the October 2023 estimate of $2,071.1 billion. During the first ten months of this
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