Author: agcnews
Dallas-Plano-Irving, Texas, and Baton Rouge, La. Lead in Job Gains While Orange-Rockland-Westchester, N.Y. Experiences Worst Losses; Construction Association Prepares to Release Survey Reporting Mixed Conditions Construction employment declined in almost a quarter of metro areas between November 2022 and November 2023 as demand tapered in some parts of the country and labor shortages made it hard for contractors to fill vacancies, according to an analysis by the Associated General Contractors of America of new government employment data. Association officials said the new data is consistent with the results of the 2024 Construction Hiring & Business Outlook survey that AGC and Sage will release this Thursday.…
New Spending Data Comes as Construction Association Gets Ready to Release Industry’s Predictions for Construction Spending Trends in 2024, Need for New Workers & Planned Investments in AI and Other Tech Total construction spending increased by 0.4 percent in November, as a pickup in homebuilding and some private nonresidential markets offset a downturn in public spending, according to an analysis of federal spending data the Associated General Contractors of America released today. Association officials said the new spending data comes as they and Sage are getting set to release the 2024 Construction Hiring & Business Outlook this Thursday that includes…
Texas and Kentucky Top Rankings of Year-over-Year Increases, While New York and North Dakota Lag; Texas and Oklahoma Lead in Monthly Gains, While New York, Ohio, New Jersey Experience Largest Declines Construction employment increased in 34 states and the District of Columbia in November from a year earlier, while 28 states added construction jobs from October to November, according to a new analysis of federal employment data released by the Associated General Contractors of America today. Association officials noted fewer states added construction jobs in November than other recent months, but contractors are mostly upbeat heading into 2024. “The number of states with…
New Mandate will Make it Even Harder for Construction Firms to Build Projects, will Undermine Efforts to Diversify the Construction Industry and will Punish Taxpayers, Association Warns The Chief Executive Officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in response to the release today of a new Biden administration rule imposing government-mandated project labor agreements on federal construction projects valued at $35 million or more: “The president’s new and unlawful mandate to impose government-mandated project labor agreements for the vast majority of federal construction projects is another example of this administration doing everything…
In this episode, AGC of America’s chief economist Ken Simonson becomes your guide through the bustling landscape of construction economics, trends shaping the industry, sound projections for the upcoming year, and how all of the above can impact builders and stakeholders. Tune in to see what contractors can expect in 2024! Guest:Ken SimonsonChief EconomistAGC of America Subscribe to the DataDIGest: marketplace.agc.org/Store/ItemDetai…roductCode=4401
Check out the video recap showing an event in Kansas City with The Builders, a chapter of the AGC highlighting the Culture of CARE at member company JE Dunn’s under-construction project, the new KC Current stadium, which will be the first purpose-built women’s sports facility in the world.
Record October Job Openings Indicate Contractors are Struggling to Attract and Retain Skilled Workers amid Tight Overall Labor Market; Association Officials Call for Investments in Construction Education Construction sector job gains slowed in November as firms added only 2,000 jobs, but wages for hourly employees accelerated and the number of unfilled positions reached record highs in October, the Associated General Contractors of America reported in analyzing government data released today. Association officials said the new figures indicate the slowdown in hiring is likely because of workforce shortages instead of declining need for labor. “The steep rise in pay for craft and other…
Mixed Patterns within Categories Suggest Market is Shifting but Remains Strong Overall; Manufacturing, Power, Education, and Single-Family Spending Pickup Offset Drop in Highway and Multifamily Projects Total construction spending increased by 0.6 percent in October, led by strong gains for manufacturing, power, and education projects as well as single-family homebuilding, according to an analysis of federal spending data the Associated General Contractors of America released today. Association officials noted, however, that spending on other nonresidential segments, including commercial construction and highway and street construction, declined. “It is apparent that the construction market overall remains healthy,” said Ken Simonson, the association’s…
New York City and Baton Rouge, La. Register the Largest Number and Percent of Job Gains over 12 Months; Houston-The Woodlands-Sugar Land, Texas and Kankakee, Ill. Experience Worst Year-over-Year Losses Construction employment increased in 226, or 63 percent, of 358 metro areas between October 2022 and October 2023, according to an analysis by the Associated General Contractors of America of new government employment data. Association officials noted that tight labor market conditions kept construction employment from increasing in even more metro areas. “Construction employment keeps growing in a solid majority of metro areas but many more would be in the plus-column if contractors could…
Join us as we explore the dynamic intersection of cybersecurity and the commercial construction industry. Our guest, CJ Dietzman at Alliant Insurance Services, talks about the latest trends in cyber threats, risk management strategies, and innovative solutions shaping the future of digital resilience on construction sites. Don’t miss this insightful episode for a blueprint for safeguarding your projects against evolving cyber challenges.#ConstructorCast #Cybersecurity #ConstructionTech #AlliantInsurance #TheMoreRewardingWay Guest:CJ DietzmanSenior Vice President, Alliant CyberAlliant Insurance Serviceswww.linkedin.com/in/cj-dietzman-cissp-cisa Resources:Read Cyber Risk & Security Considerations in the Construction Industry: alliant.com/news-resources/arti…struction-industry/Learn more about Alliant Cyber: alliant.com/risk-management/risk-solutions/cyber/The NIST Cybersecurity Framework: www.nist.gov/cyberframeworkISO/IEC 27001: www.iso.org/standard/27001Contact Alliant Cyber at alliantcyber@alliant.com