Construction input prices increased 0.2% in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data.
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.
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.