Michael Latas & Associates
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Michael Latas & Associates
Construction Report - Sep 2020

Executive Summary
  • Construction backlogs and construction employment both increased in September vs. August by +2.6%% and +0.4% respectively
  • Total construction backlogs increased by +2.6% from last month with heavy infrastructure construction growing fastest at +4.3%
    • Heavy Industrial construction lagged other areas and were down 3.7% from last month; leaving them down 9.2% from last year
  • Current backlogs are 5.9% lower than last year while infrastructure backlogs are 4.3% higher than last year
  • The United States gained 0.7M jobs in September (seasonally adjusted)
    • The construction industry grew by +0.4% vs. +0.6% for all industries
    • General contractors in residential construction had the most gains in September vs. August, +0.9%, while general contractors in non-residential projects added +0.4%
  • September was the 5th straight month of increased employment form the lows of April
  • Recruiting starts have increased dramatically in the last 30 days
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Services

Executive Search
Recruiting
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Company

Michael Latas & Associates
Since 1975

Contact

307.365.6620
latas@latas.com

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  • Home
  • About
  • Lessons
    • Selling the Offer
    • Attracting Talent
  • Reports
    • Jul 2020
    • Aug 2020
    • Sep 2020
  • Contact