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Home » Construction Spending Up In February But Slumping Rates Of Hires And Job Openings Suggest Contractors Expect Fewer Near-term Opportunities
Economics

Construction Spending Up In February But Slumping Rates Of Hires And Job Openings Suggest Contractors Expect Fewer Near-term Opportunities

April 1, 2025Updated:April 16, 2025No Comments1 Min Read
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Construction spending increased 0.7 percent from January to February, even as contractors kept hiring and job opening rates at low levels, according to an analysis by the Associated General Contractors of America of two new government reports. Association officials noted that industry hiring appears to be slowing as demand for most types of construction “cools.”

“Construction spending rebounded in February, following widespread severe weather that may have slowed projects in January,” said, Ken Simonson, chief economist of the Associated General Contractors of America. “Investment remains positive compared to a year ago but the growth rate for all major categories has cooled, while contractors have trimmed hiring and slashed job openings.”

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Building Construction Data Construction Spending Federal/Heavy Highway Infrastructure Utility
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Latest News

Construction Jobs Increase In 184 Metro Areas Between April 2024 And April 2025

May 28, 2025

DOD and GSA Must Follow PLA Mandate for Now, Court Rules

May 27, 2025

U.S. Supreme Court Allows Termination of TPS for Venezuelans

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