Association Partner Procore Also Releases Near Real-Time Construction Data Measuring Impacts of Coronavirus as Association Calls for New Measures, Including Safe Harbor Provisions, to Revive Industry
Construction employment declined by 975,000 jobs in April as a new survey by the Associated General Contractors of America and data from construction technology firm Procore show deteriorating demand for construction, officials with the association announced today. The new economic data underscores the need for new federal measures to help the construction industry recover, including infrastructure funding, safe harbor provisions and fixes to the Paycheck Protection Program guidance, association officials added.
“Today’s jobs report, our new survey results and Procore’s data make it clear that the construction industry is not immune to the economic damage being inflicted on our country by the pandemic,” said Ken Simonson, the association’s chief economist. “Without new federal help, it is hard to see a scenario where the construction industry will be able to recover any time soon.”