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to replace experienced workers who are retiring.
According to the Associated Builders and Contractors, the U.S. construction industry needs
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to help more contractors prepare to compete for that work.
Associated Builders and Contractors estimate that the U.S. construction industry
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training timelines are measured in years, not months. The Associated Builders and Contractors trade group has forecast that the data center
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10th of a percentage point in July, according to an Associated Builders and Contractors analysis of Bureau of Labor Statistics data. The
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that occurred at the start of the month,” Anirban Basu, chief economist at Associated Builders and Contractors, said in a statement. “Given
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companies continue to report the largest backlogs.
Associated Builders and Contractors’ Construction Backlog Indicator declined in July,
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spending in the country. The growth is still accelerating: Associated Builders and Contractors' analysis of the June Census data put data
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latest U.S. Bureau of Labor Statistics data by Associated Builders and Contractors released Thursday. Lower energy costs, particularly in
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venture for its reportedly $3.8 billion stadium and Associated Builders and Contractors detailed the industry’s lowest project backlog since
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weakness in the U.S. construction industry, according to Associated Builders and Contractors. The 12% of ABC member contractors with data
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since January , according to a Tuesday release from the Associated Builders and Contractors. Contractors reported eight months of work on
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to meet construction services demand, according to the Associated Builders and Contractors trade group. The shortage has been exacerbated by
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their order backlog in July, according to a new survey of Associated Builders and Contractors (ABC) members.
The ABC’s Construction Backlog
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Construction employment added 22,000 jobs on net in July, according to Associated Builders and Contractors. On a year-over-year basis, the
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1% in July compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’
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work.
The workforce pressure alone remains significant. Associated Builders and Contractors estimates that construction needs to attract
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on a seasonally adjusted annualized basis, according to an Associated Builders and Contractors analysis of data published by the U.S. Census
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industry added 22,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau
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and with higher quality, without necessarily adding headcount.
Associated Builders and Contractors estimates the industry needs to attract
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even greater problem for the construction industry.
According to Associated Builders and Contractors , the U.S. construction industry will
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