What's Hot

    Tempe DRC Recommends Approval for 72-Unit Live-Work Development

    September 12, 2025

    Input Prices Up 0.2% in August

    September 12, 2025

    Arizona Projects 09-12-25

    September 12, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [September 12, 2025] - Tempe DRC Recommends Approval for 72-Unit Live-Work Development
    • [September 12, 2025] - Input Prices Up 0.2% in August
    • [September 12, 2025] - Arizona Projects 09-12-25
    • [September 10, 2025] - Goodyear Seeking Developer for Ballpark Village Mixed-Use
    • [September 9, 2025] - Opus Group Planning 300KSF Industrial Park Near Sky Harbor
    • [September 9, 2025] - Multifamily Development Planned in Tucson’s Miracle Mile
    • [September 9, 2025] - Construction Employment Down for Third Straight Month
    • [September 9, 2025] - Industry Professionals 09-09-25
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. ✎ Planning & Development
      3. 📰 Local News
      4. 🔎︎ Classifieds
      5. 🕵 Editorial Analysis
      6. 💰 Budgets & Funding
      7. 🏢 Commercial Real Estate
      8. 👔 People on the Move
      9. 🌵 Arizona Projects
      10. 🏛️ Legislation & Regulations
      11. 📈 Trends

      Tempe DRC Recommends Approval for 72-Unit Live-Work Development

      September 12, 2025

      Goodyear Seeking Developer for Ballpark Village Mixed-Use

      September 10, 2025

      Opus Group Planning 300KSF Industrial Park Near Sky Harbor

      September 9, 2025

      Multifamily Development Planned in Tucson’s Miracle Mile

      September 9, 2025

      HonorHealth to Build on Former Amkor Site in Vistancia

      September 2, 2025

      Buckeye City Council Discusses Annexing Land for Community Master Plan

      August 29, 2025

      Round 3 of BuildItAZ Grants Announced

      August 26, 2025

      Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

      August 22, 2025

      Scottsdale Hospitals War May Heat Up with New Banner Request

      July 29, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      RTA Funding Proposal Stirs Controversy

      August 15, 2025

      Ariz. LIHTC to Sunset Under New Budget

      July 8, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      Commercial Real Estate 09-09-25

      September 9, 2025

      Commercial Real Estate 09-02-25

      September 2, 2025

      Commercial Real Estate 08-26-25

      August 26, 2025

      Commercial Real Estate 08-19-25

      August 19, 2025

      Industry Professionals 09-09-25

      September 9, 2025

      Industry Professionals 09-02-25

      September 2, 2025

      Industry Professionals 08-26-25

      August 26, 2025

      Industry Professionals 08-19-25

      August 19, 2025

      Arizona Projects 09-12-25

      September 12, 2025

      Arizona Projects 09-05-25

      September 5, 2025

      Arizona Projects 08-29-25

      August 29, 2025

      Arizona Projects 08-22-25

      August 22, 2025

      Environmentalists Sue ADWR Over Benson-Area Developments

      September 2, 2025

      Pima County Latest to Amend Zoning for Data Centers

      August 22, 2025

      Tucson City Council Likely to Approve Water Restriction on Large

      August 19, 2025

      Ritz-Carlton Paradise Valley Fight Could End in Foreclosure

      August 15, 2025

      Input Prices Up 0.2% in August

      September 12, 2025

      Construction Employment Down for Third Straight Month

      September 9, 2025

      Construction Job Openings Up 77,000 YoY

      September 5, 2025

      Ariz. Construction Lost 400 Jobs in July

      August 19, 2025

      Tempe DRC Recommends Approval for 72-Unit Live-Work Development

      September 12, 2025

      Input Prices Up 0.2% in August

      September 12, 2025

      Arizona Projects 09-12-25

      September 12, 2025

      Goodyear Seeking Developer for Ballpark Village Mixed-Use

      September 10, 2025
    • AZBEX
      • Subscribe
      • Solicitations
      • Classifieds
      • Advertising
    • DATABEX
      • DATABEX Log-In
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Hospitality LMS
      • 2025 Public Works Conference
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    • CIP Special Report
    AZBEX
    Home » Trends » Dec. Construction Employment up 28,000 
    Trends

    Dec. Construction Employment up 28,000 

    BEX StaffBy BEX StaffJanuary 10, 2023No Comments2 Mins Read
    Credit: Associated Builders and Contractors
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Associated Builders and Contractors 

    The construction industry added 28,000 jobs on net in December, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 231,000 jobs or 3.1%. 

    Nonresidential construction employment increased by 17,900 positions on net, with growth in all three subcategories. Nonresidential specialty trade contractors added 10,200 net new jobs, while nonresidential building and heavy and civil engineering added 5,800 and 1,900 jobs, respectively. 

    The construction unemployment rate rose to 4.4% in December. Unemployment across all industries declined from 3.6% in November to 3.5% last month. 

    “This employment report indicates that contractors collectively remain in expansion mode despite rising costs of capital and fears of recession,” said ABC Chief Economist Anirban Basu. “Consistent with upbeat assessments of construction activity late last year, nonresidential contractors continue to ramp up staffing in the context of elevated backlog. In ABC’s Construction Confidence Index, contractors indicated that both sales and employment would continue to rise over the next six months. 

    “There was additional good news emerging from the overall U.S. economy,” said Basu. “Though the labor market remains strong and job creation persists, there are indications that wage pressures are easing. Nonetheless, the Federal Reserve will continue to raise interest rates to restore inflation to its 2% target, with the implication that a recession remains a real possibility in 2023. Based on historical precedent, that could produce more challenging times for contractors in 2024 and/or 2025.” (Source) 

    ABC Anirban Basu Associated Builders and Contractors backlog building construction capital costs civil engineering contractor confidence index economic indicator federal reserve heavy construction inflation interest rates nonresidential construction recession trade contractors trends U.S. Bureau of Labor Statistics Unemployment wage pressures
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Input Prices Up 0.2% in August

    September 12, 2025

    Construction Employment Down for Third Straight Month

    September 9, 2025

    Construction Job Openings Up 77,000 YoY

    September 5, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Tempe DRC Recommends Approval for 72-Unit Live-Work Development

    September 12, 2025

    Input Prices Up 0.2% in August

    September 12, 2025

    Arizona Projects 09-12-25

    September 12, 2025

    Goodyear Seeking Developer for Ballpark Village Mixed-Use

    September 10, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Tempe DRC Recommends Approval for 72-Unit Live-Work Development

    September 12, 20250

    By Roland Murphy for AZBEX The Tempe Development Review Commission earlier this week recommended approval…

    Input Prices Up 0.2% in August

    September 12, 2025

    Arizona Projects 09-12-25

    September 12, 2025

    Goodyear Seeking Developer for Ballpark Village Mixed-Use

    September 10, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Tempe DRC Recommends Approval for 72-Unit Live-Work Development

    September 12, 2025

    Input Prices Up 0.2% in August

    September 12, 2025

    Arizona Projects 09-12-25

    September 12, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.