Vol. 23, No. 9 March 6-10, 2023 Construction employment, pay climb in February; job openings shrink in January but hires jump   Employment, pay climb in February  Construction employment, seasonally adjusted, totaled a record-high 7,918,000 in February, an increase of 24,000 from the January total and 249,000 (3.2%) year-over-year (y/y), according to AGC’s analysis of data the Bureau of Labor Statistics (BLS) posted today…     Read more January job openings shrink, hires jump  There were 256,000 job openings in construction, not seasonally adjusted, at the end of January, a decrease of 152,000 (-37%) y/y, BLS reported on Wednesday in its monthly Job Openings and Labor Turnover Survey (JOLTS) release…     Read more Dodge Momentum Index rises in February  The Dodge Momentum Index increased 1.9% in February and 43% y/y, after falling 9% in January, Dodge Construction Network reported on Tuesday. The index “is a monthly measure of the initial report for nonresidential building projects in planning, shown to lead construction spending for nonresidential buildings by a full year.”…     Read more Construction expands in February, ISM finds“Economic activity in the services sector expanded in February for the second consecutive month,” the Institute for Supply Management reported on March 3…   Read more Beige Book points to mixed activity  “Overall economic activity increased slightly” from January 9 to February 27, the Federal Reserve reported on Wednesday in its latest “Beige Book.” The Beige Book is a compilation of informal soundings of business and nonbusiness sources in the 12 Fed districts, which are identified by the headquarters city…     Read more