Close Menu
Machinery Asia
  • Home
  • Industry News
  • Heavy Machinery
  • Backhoe Loader
  • Excavators
  • Skid Steer
  • Videos
  • Shopping
  • News & Media
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Machinery Asia
Subscribe
  • Home
  • Industry News
  • Heavy Machinery
  • Backhoe Loader
  • Excavators
  • Skid Steer
  • Videos
  • Shopping
  • News & Media
Machinery Asia
You are at:Home » Uncertainty over trade policy and oil prices drive 11,000 job loss in February
Industry News

Uncertainty over trade policy and oil prices drive 11,000 job loss in February

Machinery AsiaBy Machinery AsiaMarch 6, 2026No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Tumblr

The construction industry lost roughly 11,000 jobs overall in February, according to the Bureau of Labor Statistics’ March 6 jobs report that estimates the American economy fell apart 92,000 jobs for the month.

Heavy civil engineering firms and specialty contractors led the decline in construction sector jobs, which combined to shed roughly 17,400 positions for the month. Of that total, specialty contractors shed 10,900 jobs, with 9,500 of those jobs coming from companies focused on residential construction.

Heavy and civil engineering contractors reduced employment by 6,500 positions, the BLS reported.

Meanwhile, building contractors added about 6,500 jobs in February, nonresidential contractors added 4,100 and residential contractors increased employment by 2,400 positions.

“Construction employment contracted again in February and has now declined in 8 of the past 11 months,” Anirban Basu, chief economist at Associated Builders and Contractors, said in a statement.

“Construction spending has declined for several quarters, with the ABC’s Construction Backlog Indicator falling to a four-year low in January,” Basu added. “With the conflict in Iran adding to uncertainty related to trade policy and crude oil prices well above $80 a barrel, the outlook for the industry remains subdued in the early months of 2026.”

Macrina Wilkins, director of market information for the Associated General Contractors of America, added that “contractors may be more reluctant to add workers amid uncertainty about how much they will pay for building materials and demand for certain types of construction projects.”

Despite this, Wilkins noted that, “even with the monthly decline, construction employment has grown at a faster rate over the past year than the overall economy.”

Looking for quick answers on construction and engineering topics?
Try Ask ENR, our new intelligent AI search tool.

Ask ENR →

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleThe case for building modular and repeatable data centers
Next Article Middle East construction projects halted as steel construction firms hit by war
Machinery Asia
  • Website

Related Posts

John Deere is betting that building connected roads is its next competitive advantage

June 27, 2026

Buildots launches Intelligence Lab, an AI-powered project data research center

June 26, 2026

$26.2M North Texas EOC Debuts as World Cup Command Center

June 26, 2026
Leave A Reply Cancel Reply

  • Facebook
  • Twitter
  • Instagram
  • Pinterest
Don't Miss

John Deere is betting that building connected roads is its next competitive advantage

Buildots launches Intelligence Lab, an AI-powered project data research center

$26.2M North Texas EOC Debuts as World Cup Command Center

Buildots launches Intelligence Lab, an AI-powered project intelligence center

Popular Posts

John Deere is betting that building connected roads is its next competitive advantage

June 27, 2026

Buildots launches Intelligence Lab, an AI-powered project data research center

June 26, 2026

$26.2M North Texas EOC Debuts as World Cup Command Center

June 26, 2026

Buildots launches Intelligence Lab, an AI-powered project intelligence center

June 26, 2026
Heavy Machinery

What to check before towing a car trailer in the summer

June 24, 2026

Why dump trailer maintenance is important for long-term use

June 17, 2026

Top 5 Trailer Safety Mistakes to Avoid Before Towing

June 11, 2026

How to Choose a Gooseneck Tilt Equipment Trailer for Your Business

June 8, 2026

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Type above and press Enter to search. Press Esc to cancel.