The construction industry lost 975,000 jobs in April, according to the most recent report from the U.S. Bureau of Labor Statistics, as contractors experienced less demand for their services amid the pandemic. This drop represents approximately 13% of the country’s construction workforce, said Associated General Contractors of America. The dismal April numbers are proof, the AGC said, that the federal government should introduce new measures to help the construction industry recover. This includes infrastructure funding, as well as safe harbor provisions and more clarity from the Treasury Department regarding the rules for eligibility and forgiveness of Paycheck Protection Program loans.
https://www.constructiondive.com/news/construction-loses-record-breaking-975k-jobs-in-april-amid-pandemic/577628/