Michael Latas & Associates
Construction Report - October 2020

Executive Summary

• Construction backlogs and hiring increased +2.7% and +1.2% respectively from prior month
• Total construction backlogs increased by +2.7% from last month led by infrastructure construction
• The United States gained 700K jobs in October and 90K of these were in the construction market (seasonally adjusted)
  • The construction industry grew by +1.2% vs. +0.5% for all industries
  • General contractors in non-residential construction had the most gains in October vs. September, +1.8%, 
• October was the 6th straight month of increased employment form the lows of April
• Recruiting starts have increased dramatically in the last 30 days

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