New Bureau of Labor Statistics report says union portion of the total private sector construction workforce declined last year to 11.7%, the lowest annual level in a decade, but building trades counter that data understates organized labor strength.
Construction input prices fell in December at a greater rate than the Producer Price Index, but still outpaced the wholesale level marker of inflation for the year.
Fatal construction accidents were down about 2% overall in 2021, the U.S. Bureau of Labor Statistics reports, but some types of construction accidents saw worrying increases.
Survey by Associated Builders and Contractors shows expectation that contractor profit margins will drop over the next six months—the first time anticipated since last October.