WASHINGTON (Feb.1, 2021) — In its annual release on national union membership, the United States Bureau of Labor Statistics (BLS) reported the percentage of wage and salary workers who were members of unions was 10.8% across all industries.
WASHINGTON (Feb. 1, 2021) — National nonresidential construction spending declined 0.8% in December 2020, according to an Associated Builders and Contractors analysis of data published today by the United States Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $790.2 billion for the month, 4.8% lower than in December 2019 but 3.8% higher than in December 2018.
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WASHINGTON (Jan. 28, 2021) —The United States economy expanded at an annualized 4.0% rate in the fourth quarter of 2020 as the nation’s recovery from last spring’s economic devastation continued. Nonresidential investment in structures increased at a 3.0% annualized rate in the fourth quarter.
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HAMILTON, N.J.(Jan. 26, 2021) —The value of commercial and multifamily construction starts in the top 20 metropolitan areas of the United States lost 23% in 2020, falling to $111.1 billion according to Dodge Data & Analytics. Nationally, commercial and multifamily starts tumbled 20% over the year to $193.4 billion.
The United States Small Business Administration has spent January 2021 making several key announcements regarding Paycheck Protection Program (PPP) loans, including guidance concerning PPP loan review and several final rulings on the topic.