Michael Latas & Associates
Construction Report - September 2022

Executive Summary

• Construction backlogs increased in August vs. July of 2022 and July of 2021 by 0.0% and 13.0% respectively
• Total construction backlogs were flat from last month with industrial construction growing fastest
• Current backlogs are 8.7 months of work
• The United States gained 208K jobs in August from July while the construction industry gained 2K jobs vs. last month. 
  • The construction industry grew +4.2% vs. the prior year with all sectors employing more people
  • General contractors in residential construction grew and are employing 4.5% more people than the prior year
  • Heavy Civil contractors  grew and are employing 4.7% 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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