WASHINGTON—This week, the United States Department of Commerce released data showing residential construction starts dropped 30.2% in April, marking the biggest one-month dip since the the government began tracking housing starts in 1959.
The United States Department of Transportation's Federal Motor Carrier Safety Administration (FMCSA) published a final rule last week updating hours of service for commercial motor vehicle (CMV) drivers, addressing the exception for adverse driving conditions, the short-haul exception, break periods, and the sleeper-berth exception.
This week, the United States Treasury and Small Business Administration issued additional guidance concerning the Coronavirus Aid, Relief and Economic Security (CARES) Act's Paycheck Protection Program (PPP).
WASHINGTON (May 8, 2020)—The construction industry lost 975,000 jobs on net in April, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. This was the largest recorded decrease in construction jobs since the government began tracking employment in 1939, despite construction remaining an essential industry in much of the nation through April.