Gains in May Reflect Temporary Support from Paycheck Protection Program Loans and Easing of Construction Restrictions, But Hobbled Economy and Tight State and Local Budgets Risk Future Job Losses
Construction employment rebounded by 464,000 jobs in May, but the total remained 596,000 below the latest peak in February and the industry’s 12.7 percent unemployment rate was the highest for May since 2012, according to an analysis by the Associated General Contractors of America of government data released today.
Petersen continues to meet the growing demand in the Western United States for its PAC-CLAD metal roof and wall products by hiring new representatives in the region.
With Needed Improvements to the Vital Survival Program Complete, Construction Official Urges Congress and the President to Act Quickly on Measures to Rebuild the Economy and Restore Jobs
The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued a statement in reaction to the passage of the Paycheck Protection Program Flexibility Act of 2020.
PAC-CLAD metal wall panels from Petersen have passed the requirements of the National Fire Protection Association 285 Standard for exterior wall assemblies.
Construction employment declined in more than nine out of 10 metro areas from March to April, a time when industry employment typically increases in most locations.
Construction spending plunged in April as governmental agencies and project owners shut down ongoing work and canceled projects that were about to break ground, according to an analysis by the Associated General Contractors of America of government data released today.
The U.S. Occupational Safety and Health Administration has revised its guidance for determining whether confirmed cases of COVID-19 qualify as recordable illnesses.
CIG Capital (CIG CAP), an alternative investment firm, today announces a new 125-million-dollar lending project for The Villages at West Point, an upscale and affordable 624 unit destination-location development in West Point, Georgia.