U.S. Economy Expands at 33.1% Annual Rate in Q3 of 2020, says ABC
The U.S. economy expanded at an annualized rate of 33.1% during the third quarter of 2020, helping to offset a significant share of the economic loss sustained during the second quarter, according to an Associated Builders and Contractors analysis of data released...SBA, Treasury Release Updated PPP Guidance
The SBA and the Department of Treasury released updated guidance and FAQs for the Paycheck Protection Program (PPP). SBA and Treasury released the updated version of the guidance to provide additional clarification to address borrower and lender questions related to...ABC’s Construction Backlog Indicator Rebounds in August; Contractor Optimism Builds
WASHINGTON, Sept. 15—Associated Builders and Contractors reported today that its Construction Backlog Indicator rebounded to 8.0 months in August, an increase of 0.2 months from July’s reading, according to an ABC member survey conducted Aug. 20-Sept. 1. The August...Breaking News: Take Action on the Paycheck Protection Program Extension Bill
US Representative Jaime Herrera Beutler (R-Wash.) has initiated a discharge petition that would force the House of Representatives to vote on Congressman Steve Chabot’s (R-Ohio) Paycheck Protection Program extension bill. If Rep. Herrera Beutler’s discharge...Construction Employment Continues to Recover in August, Says ABC
Construction industry employment expanded by 16,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Over the last four months, the industry added 658,000 jobs,...