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Michael Latas & Associates
Construction Report - October 2022

Executive Summary
  • Construction backlogs increased in September vs. August of 2022 and September of 2021 by 3.4% and 18.4% respectively
  • Total construction backlogs increased from last month with industrial construction growing fastest
  • Current backlogs are 9.0 months of work
  • The United States gained 274K jobs in September from August while the construction industry gained 11K jobs vs. last month. 
    • The construction industry grew +3.9% vs. the prior year with all sectors employing more people
    • Specialty contractors grew and are employing 4.1% more people than the prior year
    • Heavy Civil contractors grew and are employing 3.9% more people than the prior year
  • All Contractors have more people employed than at this time last year and there are few people left to hire
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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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