9
• Net hiring increased 1.5% compared to Q3 and Q4 of
2022; it decreased 1% in 2023 as compared to 2022.
• Hiring for specialty contractors increased 1.8%
compared to Q3 and Q4 of 2022; it increased 0.8% in
2023 as compared to 2022.
• Hiring for general contractors increased 1.5%
compared to Q3 and Q4 of 2022; it decreased 1% in
2023 as compared to 2022.
• Heavy highway and civil contractor hiring increased
1.2% compared to Q3 and Q4 of 2022; it decreased 2%
in 2023 as compared to 2022.
• Regionally:
› In the Plains region, hiring decreased
7.4% compared to Q3 and Q4 in 2022;
it decreased 6.3% in 2023 as compared
to 2022.
› Hiring in the Pacific West decreased
4.4% compared to Q3 and Q4 in 2022;
it decreased 3.2% in 2023 as compared
to 2022.
› Hiring in the Northeast decreased 1.5%
as compared to Q3 and Q4 in 2022; it
decreased 1.6% in 2023 as compared
to 2022.
› Hiring in the Midwest increased 1.2%
compared to Q3 and Q4 in 2022; it
increased 1.3% in 2023 as compared
to 2022.
› Hiring in the Southeast increased 0.8%
compared to Q3 and Q4 in 2022; it
increased 1.5% in 2023 as compared
to 2022.
Potential Impact
Hiring is a bright spot for the
construction industry as it has
continued to increase quarter over
quarter, although there were modest
decreases year-over-year when
comparing 2022 to 2023. All verticals
fared roughly the same in Q3/Q4, with
small increases seen across the board,
with slight decreases year-over-year for
general contractors and heavy highway
and civil contractors, while specialty
contractors saw a slight gain.
Regionally, the Plains and Pacific West
both saw sizable gains in Q3/Q4—7.4%
and 4.4%, respectively—yet they also
experienced net decreases when
compared year-over-year.
Hiring
Trends
Construction Metric Index
Construction Activity Index - Q3 & Q4 2023 ©Trimble Viewpoint, Inc. All Rights Reserved.
