The construction industry added 51,000 jobs on net in December 2020. Over the last eight months, the industry added 857,000 jobs, recovering approximately 79.1% of the jobs lost since the beginning of the pandemic.
National nonresidential construction spending fell 0.6% in November 2020. On a seasonally adjusted annualized basis, spending totaled $792.5 billion for the month.
State departments of transportation are getting $10 billion in long-awaited emergency aid from a $900 billion COVID-19 relief measure passed by Congress late on December 21 as part of a final year-end legislative package.
For construction project delivery
teams, the critical path schedule is
both the map and the compass. It sets out the myriad of complex relationships that intertwine timelines, activities, and resources. It establishes the path to deliver the project on time and within budget.
Faster connections. Less lag time. Ability to connect more devices simultaneously. These three benefits of a 5G wireless network have the potential to significantly affect productivity, safety and quality on a construction site, but how soon will contractors actually be able to access a 5G network?
If you’re a construction financial professional, you know how true this rings, as a strong cash flow is the key to keeping your company’s doors open and projects moving. If your cash flow dries up, it becomes extremely difficult to take on new projects — where up-front costs are almost always a significant part of the construction workflow.
National nonresidential construction virtually unchanged in October. On a seasonally adjusted annualized basis, spending totaled $792.4 billion for the month.
The construction industry added 27,000 jobs on net in November 2020. Over the last seven months, the industry added 804,000 jobs, recovering approximately 74% of the jobs lost since the beginning of the pandemic.
A recent survey conducted by the Association of Equipment Manufacturers’ Construction Sector and highlighted in an Oct. 21 ForConstructionPros.com article noted that construction-related layoffs and furloughs during the COVID pandemic have been largely minimal — especially compared with other industries.
