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Michael Latas & Associates
Construction Report - November 2020

Executive Summary
  • Construction backlogs were down 6.5% from prior month as construction payrolls increased 0.4%
  • Total construction backlogs increased by +6.5% from last month with heavy infrastructure construction lagging other markets
  • Current backlogs are 19.1% lower than last year
  • The United States gained 300K jobs in November and 30K of these were in the construction market (seasonally adjusted)
    • The construction industry grew by +0.4% vs. +0.2% for all industries
    • General contractors in non-residential construction had the most gains in November vs. October, +1.1%, 
  • November was the 7th straight month of increased employment form the lows of April
  • Recruiting starts have increased dramatically in the last 30 days
Add talent to your team by contacting us today!
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Michael Latas & Associates
Since 1975

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307.365.6620
latas@latas.com

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  • Home
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