Single Source Disaster Recovery Specialists, a Rhode Island-based property damage cleanup and reconstruction contractor, is celebrating its 50th anniversary. The company is commemorating the milestone with a gift to fund a four-year scholarship to the Carpenter Apprenticeship Program at Roger Williams University.
The construction industry added 31,000 jobs on net in November, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. Overall, the industry has recovered 998,000 (89.7%) of the jobs lost during earlier pandemic stages.
National nonresidential construction spending was up 0.9% in October, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $814.2 billion for the month.
“This report will provide construction leaders with a roadmap to understand how technology and innovation can help their businesses,” said Jack Hineman, vice president of business intelligence at Gaylor Electric Inc., Indianapolis, and chair-elect of ABC’s Construction Technology and Innovation Committee.
Associated Builders and Contractors, and its Alabama chapter, have filed a petition for review with the U.S. Court of Appeals in the 11th Circuit against the Occupational Safety and Health Administration for its COVID-19 vaccination and testing Emergency Temporary Standard, which applies to employers with 100 or more employees.
Construction input prices increased 1.5% in October, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices increased 1.4% for the month.
Associated Builders and Contractors reports that its Construction Backlog Indicator rose to 8.1 months in October, according to an ABC member survey conducted from Oct. 20 to Nov. 2. The reading is up 0.5 months from September 2021 and 0.4 months from October 2020.
The not seasonally adjusted national construction unemployment rate dropped 2.6% in September 2021 from a year ago while 49 states had lower unemployment rates over the same period, according to state-by-state analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. Only one state, Alaska, had a higher estimated rate than it did in September 2020.
National nonresidential construction spending contracted 0.6% in September, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $791.2 billion for the month.
