What's Hot

    Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

    May 30, 2025

    Senior/Assisted Living Center Proposed in Maricopa

    May 30, 2025

    Scottsdale Establishes Transportation & Infrastructure Department

    May 30, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [May 30, 2025] - Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail
    • [May 30, 2025] - Senior/Assisted Living Center Proposed in Maricopa
    • [May 30, 2025] - Scottsdale Establishes Transportation & Infrastructure Department
    • [May 30, 2025] - Arizona Projects 05-30-25
    • [May 28, 2025] - Split Vote Complicates Plans for VAI Resort
    • [May 28, 2025] - Safford Approves 165-Unit Multifamily Development
    • [May 27, 2025] - JDM Proposal Reimagines Biltmore Infill Project
    • [May 27, 2025] - $500M Whiteriver Hospital Preparations Advancing
    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

      Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

      May 30, 2025

      Senior/Assisted Living Center Proposed in Maricopa

      May 30, 2025

      Split Vote Complicates Plans for VAI Resort

      May 28, 2025

      Safford Approves 165-Unit Multifamily Development

      May 28, 2025

      Scottsdale Establishes Transportation & Infrastructure Department

      May 30, 2025

      EdgeCore 44-Acre Mesa Land Buy Sets Up Massive Expansion

      May 23, 2025

      Ariz. Construction Added 2,400 Jobs in April

      May 21, 2025

      Phoenix Considering Data Center Development Restrictions

      May 21, 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

      KOREPlex Buckeye Site Quietly Listed For Sale

      January 31, 2025

      Peoria Council Approves $1.9B 10-Year CIP

      May 27, 2025

      Scottsdale Water Needs $50M for ‘Toilet to Taps’

      May 9, 2025

      Phoenix Releases $11.5B, 5-Year CIP with Nearly 1,000 Projects

      April 1, 2025

      Buckeye Starts Planning Bond Funding Outlays

      February 26, 2025

      Commercial Real Estate 05-27-25

      May 27, 2025

      Commercial Real Estate 05-20-25

      May 21, 2025

      Commercial Real Estate 05-13-25

      May 13, 2025

      Commercial Real Estate 05-06-25

      May 6, 2025

      Industry Professionals 05-27-25

      May 27, 2025

      Industry Professionals 05-20-25

      May 21, 2025

      Industry Professionals 05-13-25

      May 13, 2025

      Industry Professionals 05-06-25

      May 6, 2025

      Arizona Projects 05-30-25

      May 30, 2025

      Arizona Projects 05-23-25

      May 23, 2025

      Arizona Projects 05-16-25

      May 16, 2025

      Arizona Projects 05-09-25

      May 9, 2025

      Phoenix Considering Data Center Development Restrictions

      May 21, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Executive Order Will Streamline Federal Acquisition Regulations System

      April 26, 2025

      Legislation to Save Axon Plan Continues to Advance

      April 16, 2025

      Ariz. Construction Added 2,400 Jobs in April

      May 21, 2025

      Backlogs, Confidence Increase in April

      May 16, 2025

      Multifamily Developer Confidence Down in Q1

      May 13, 2025

      U.S. Construction Added 11,000 Jobs in April

      May 6, 2025

      Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

      May 30, 2025

      Senior/Assisted Living Center Proposed in Maricopa

      May 30, 2025

      Scottsdale Establishes Transportation & Infrastructure Department

      May 30, 2025

      Arizona Projects 05-30-25

      May 30, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Mid-Year Update
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    AZBEX
    Home » Trends » Nonres. Const. Employment Ends 2017 Up
    Trends

    Nonres. Const. Employment Ends 2017 Up

    BEX StaffBy BEX StaffJanuary 9, 2018No Comments3 Mins Read
    Credit: Associated Builders and Contractors
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Source Associated Builders and Contractors

    The nonresidential construction sector added 11,800 net new jobs in December, representing nearly 10 percent of the nation’s jobs created during the month, according to an Associated Builders and Contractors analysis of data released by the Bureau of Labor Statistics. The nation’s overall construction sector added 30,000 net new jobs in December, a 0.4 percent month-over-month increase.

    Construction easily embodies the most positive news emerging from the national unemployment report. Although both nonresidential building construction (-1,300 net jobs) and heavy and civil engineering (-700 net jobs) were down for the month, job gains were driven by nonresidential specialty trade contractors (+13,800 net jobs). Year-over-year construction employment is up by 210,000 positions, the most since September 2016.

    The construction industry unemployment rate, which is available only on a nonseasonally adjusted basis, increased by 0.9 percentage points and now stands at 5.9 percent. The unemployment rate for all nonfarm industries – a figure that is seasonally adjusted – remained unchanged at 4.1 percent for the third consecutive month at a 17-year low.

    “Today’s overall job growth number fell short of expectations, but the construction employment numbers surprised to the upside,” said ABC Chief Economist Anirban Basu. “It is likely that some of this is due to ongoing rebuilding efforts after hurricanes and wildfires. We will have a better sense of this once state-level employment figures become available. To the extent that construction job growth, whether residential or commercial, is disproportionately concentrated in states like California, Texas and Florida beyond pre-disaster norms, one can infer that rebuilding efforts are responsible for at least some of the surge in construction job growth.”

    “That said, a strengthening U.S. economy is likely responsible for the bulk of construction job growth. Consumer and business confidence have been surging recently,” said Basu. “The recently passed tax cuts will add additional liquidity to the U.S. economy, which should translate into faster consumer and business spending growth. Positive wealth effects from housing and financial markets as well as an improving global economy are also helping to push the economy forward. Higher energy prices and bitterly cold temperatures are also stimulating investment among energy suppliers.”

    “Despite the recent pickup in the pace of economic growth, interest rates remain remarkably stable,” said Basu. “Among other things, lower interest rates benefit both owners and developers of real estate. This should help translate into growth in activity in a number of private construction segments. As yesterday’s construction spending data indicated, there is also growing momentum in a number of public construction segments, a reflection of improving state and local government finances in much of the nation due in part to stronger residential markets and solid income tax collections. All of this suggests that the average contractor should be eagerly looking forward to 2018. Elevated contractor optimism is consistent with leading indicators like ABC’s Construction Backlog Indicator and Construction Confidence Index. Both of these indicators have been pointing to stronger construction spending and increased staffing levels for months.”

    Associated Builders and Contractors Construction employment construction unemployment economy
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Ariz. Construction Added 2,400 Jobs in April

    May 21, 2025

    Backlogs, Confidence Increase in April

    May 16, 2025

    Multifamily Developer Confidence Down in Q1

    May 13, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

    May 30, 2025

    Senior/Assisted Living Center Proposed in Maricopa

    May 30, 2025

    Scottsdale Establishes Transportation & Infrastructure Department

    May 30, 2025

    Arizona Projects 05-30-25

    May 30, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

    May 30, 20250

    By Roland Murphy for AZBEX The City of Phoenix wants to transform the 19th Avenue…

    Senior/Assisted Living Center Proposed in Maricopa

    May 30, 2025

    Scottsdale Establishes Transportation & Infrastructure Department

    May 30, 2025

    Arizona Projects 05-30-25

    May 30, 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

    Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

    May 30, 2025

    Senior/Assisted Living Center Proposed in Maricopa

    May 30, 2025

    Scottsdale Establishes Transportation & Infrastructure Department

    May 30, 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.