Construction Added 1,000 Jobs in July. Job-Switcher Pay Hit a Record.
ADP says construction added just 1,000 jobs in July while pay for construction workers who switch employers hit an all-time high, driven by data center demand.
ADP says construction added just 1,000 jobs in July while pay for construction workers who switch employers hit an all-time high, driven by data center demand.
The largest U.S. shingle and residential insulation maker guided Q3 margins down to 20–22% and flagged $40 million of incremental input cost from the Iran conflict.
Senate Republicans failed to agree on a stopgap that extends Highway Trust Fund programs but drops IIJA advance appropriations, cutting transit 20% and rail 83%.
Jacobs posted record $28.9B backlog on 35% revenue growth, quantified AI build-out at 11% of adjusted net revenue, and warned a lot of the pipeline is speculative.
Bentley Systems grew ARR 12% to $1.536 billion in Q2, but its CEO says AI capabilities are live on customer projects with value it intends to monetize “in due course.”
Tutor Perini posted record Q2 revenue and operating income, raised its dividend 50%, and said its bid pipeline now tops $200 billion — three times two years ago.
BLS Employment Cost Index data released July 31 shows construction wages rose 1.5% in Q2 after a flat first quarter, the sharpest among major industries.
Coastal Construction placed an 8,400-cubic-yard mat foundation in under 16 hours, 40 feet below grade under a planned 62-story Sunny Isles Beach tower.
June JOLTS data showed 305,000 open construction jobs, up 36% year over year, released a day after a report showing construction spending fell 3.2%.
We Energies announced August 4 that three Wisconsin renewable projects totaling 385 MW are under construction, supporting more than 450 union-first jobs.
FBI and CISA warned July 30 that attackers reached PLCs at water systems in seven states, pushing OT security into capital project scope.
Builders FirstSource posted a Q2 net loss with 2.7% commodity deflation and cut its outlook, assuming lumber averages just $390 to $410 per thousand board feet.
Cal/OSHA cited three LA County roofing contractors a combined $282,420 after a 24-foot fatal fall, holding each responsible for the same crew on one roof.
Reclamation named its preferred post-2026 Colorado River alternative on July 31, built around keeping Glen Canyon and Hoover above their infrastructure limits.
Khosla Ventures led a $15M Series A for Dili, an AI compliance platform now running Davis-Bacon and IRA wage review on roughly 700 construction projects.
Primoris posted a $24.2M Q2 loss as six renewable projects wiped out 92.6% of adjusted EBITDA, even as total backlog hit a record $13.9 billion.
Dayton hired Shook Construction as CMAR on a $350M ion exchange PFAS removal facility, billed as the largest in the U.S., while suing Wright-Patterson AFB over contamination.
Bridgit launched AI agents and an MCP server for construction workforce planning, moving from answering staffing questions to assembling teams and resolving conflicts.