A new survey of the nation’s construction industry suggests that Americans’ expectations for future construction spending have changed little since 2015.
According to the Bureau of Labor Statistics’ Labor Market Research (LMR) survey, which was released Thursday, construction spending declined 1.2% in 2018.
Construction spending has averaged 3.3% annually since 2015, and is projected to rise 1.8% annually in 2018, according to the LMR.
The survey showed that the largest decline in spending occurred in the second quarter of 2017, with construction spending falling by 3.9% compared to the same quarter last year.
This is the second consecutive quarter of declines in spending, which occurred in 2015 and 2016.
The next largest drop occurred in April 2018, with a 1.6% drop in spending.
The report shows that the construction industry experienced an average year-over-year increase of 1.3%, with construction activity rising 0.9%.
Construction activity in the third quarter of 2018 was the largest one-year period of growth since the first quarter of 2020, with spending increasing by 1.1%.
In the fourth quarter of 2019, construction activity was the biggest one-month period of annual growth in the industry.
Construction spending increased by 2.6%.
The LMR survey also shows that while construction spending is expected to continue to rise, the construction sector’s overall job market is expected not to increase as much as previously projected.
The median forecast for the construction job market in 2018 was that it would grow by 3,000 jobs, which would be the second-lowest level of growth in four years.
The LRC survey also showed that construction industry employment grew by 4.3 million in the fourth fiscal year of 2018, up from the previous fiscal year’s 4.1 million.
Construction jobs increased by 9.6 million during the second fiscal year, which resulted in a 2.2 million increase in the overall labor force.
However, the unemployment rate in the construction jobs industry increased by 1 percentage point to 8.7% in 2017.
This was the first increase in this rate since the early 1990s.
The construction industry’s construction-related employment growth was not accompanied by the hiring of additional construction workers.
In 2018, there were 1.9 million construction jobs, a 5.6 percent increase from the prior year.
However, construction jobs were down 1.4 percent from the same period last year, meaning that construction jobs fell by 1 million jobs during the past two years.
Construction job growth for construction workers was flat during the recession in the late 2000s, but is projected for a similar trend during the recovery.
Construction jobs are expected to return to their pre-recession levels by 2020.
The federal government is continuing to work to help employers prepare for the next round of job losses that will occur in the U.S. construction industry in the coming years.
The Department of Labor is currently developing a national construction hiring strategy, which is expected within the next several months.
The Bureau of Economic Analysis estimates that the federal government will spend $8.2 trillion on construction in 2019.
The Bureau of Justice Statistics estimates that construction workers will earn an average of $45,000 per year during construction jobs.