Browse by Date - 202506

Construction Sector Adds 4,000 Jobs In May As Wages Rise And Firms Retain Workers, But Market Uncertainty Has Led To A Slowdown In Hiring

 

Increases in Nonresidential Construction Employment were Tempered by Declines in Residential Construction Jobs; Average Hourly Earnings Up 4.7 Percent as Unemployment Rate Falls to 3.5 Percent

Construction Spending Decreases By 0.4 Percent From March To April And 0.5 Percent Over 12 Months, Marking First Year-over-year Drop Since 2019

 

Private Nonresidential Investment and Homebuilding Decline as Uncertainty over Tariffs and Trade Friction Keeps Contractors and Owners Guessing about Costs and Demand for Upcoming Projects