By DAVID HELVESTON, President & CEO, ABC Pelican Chapter | Originally posted on www.bicmagazine.com Construction companies need to hire 430,000 more workers in 2021 than they employed in 2020, according to an ABC analysis of U.S. Bureau of Labor Statistics data. That jaw-dropping number could potentially grow to 1 million or more over the next […]
By Jonathan Garber | FOXBusiness | Originally posted on www.foxbusiness.com Mounting inflationary pressures held back nonresidential construction spending in July, according to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data. Nonresidential construction spending edged up 0.1% in July to $786.7 billion but was negative when adjusted for inflation. Spending fell on […]
By ROI-NJ Staff (New Jersey) | Originally posted on www.roi-nj.com Eleven N.J. employer groups and trade associations this week called on the state’s congressional delegation to reject increases to the federal corporate tax rate and the Global Intangible Low-Tax Income rate. While the recently passed $1.2 billion infrastructure agreement included no broad-based tax increases on […]
Originally posted on www.cdrecycler.com ABC Chief Economist Anirban Basu says today’s input price increases can meaningfully affect contractor fortunes by trimming margins and delaying the onset of projects. Construction input prices rose 0.6 percent in July, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data […]
Originally posted on www.nbcmiami.com Concrete is the foundation of just about everything. It’s used to construct buildings, highways, bridges, roads and more. During the Covid-19 pandemic, concrete fell victim to the same phenomena impacting other essential materials and goods: snarled supply chains and labor shortages. And demand for concrete — and its essential ingredient, cement […]
Originally posted on www.enr.com Construction’s unemployment rate dropped in July on a monthly and year-over-year basis to its lowest level in 17 months, as the industry added 11,000 jobs, the Bureau of Labor Statistics has reported. But the latest monthly BLS report on the nation’s employment picture, released on Aug. 6, also showed job losses […]
Originally posted on gxcontractor.com WASHINGTON—Build America Local, a coalition of construction industry and business organizations led by Associated Builders and Contractors, today announced a six-figure issue advocacy campaign aimed at educating Americans and members of the U.S. Senate about controversial government-mandated project labor agreements that reduce competition and increase costs for the construction of taxpayer-funded […]
Associated Builders and Contractors | Originally posted on amerisurv.com Washington, July 22—Ahead of today’s U.S. Senate Committee on Health, Education, Labor and Pensions’ hearing on the Protect the Right to Organize Act, Associated Builders and Contractors released the following statement: “The PRO Act legislates away the basic employer and employee freedoms and choices that create […]
Following several contentious U.S. House election results and two key U.S. Senate runoff elections in Georgia, the federal congressional elections have been decided, and the 117th Congress has begun its legislative session. As was the case for President Trump’s first two years in office, President-elect Biden’s party will have a majority in both chambers of […]