On April 30, Linda McMahon, Administrator for the U.S. Small Business Administration, recognized numerous small business entrepreneurs, including ABC member Keith Porta, as part of National Small Business Week 2018.

It’s #TimeToBuild! ABC will be celebrating Infrastructure Week, May 14-21, with an awareness campaign highlighting the critical importance of infrastructure. Visit infrastructureweek.org for sharable factoids and information how to participate or plan your own event, look for daily Infrastructure Week social media posts on ABC National’s social media channels and follow the conversation using the hashtags #ABCMeritShopProud and #TimeToBuild.

ABC chapters across the country are celebrating Construction Safety Week 2018, May 7-11. These chapters are raising awareness about the importance of safety by hosting events, sharing resources, hosting safety stand-downs and more.

Prices for inputs to construction materials expanded 1.3 percent in April and are 6.4 percent higher than at the same time one year ago, according to an ABC analysis of U.S. Bureau of Labor Statistics data. This represents the largest month-over-month increase in almost three years and the largest year-over-year increase since October 2011. Prices for nonresidential construction inputs increased 1.6 percent on a monthly basis, and are up 6.3 percent year over year.

Based on recently released data from the U.S. Bureau of Labor Statistics, the U.S. construction industry bounced back in April, adding 17,000 net new jobs, according to an analysis by ABC. Last month, initial estimates showed a 15,000 jobs loss, though that has since been revised upward to a loss of 10,000 jobs. During the past year, the construction industry has added 257,000 new jobs, representing a growth rate of 3.7 percent. 

On April 27, the Internal Revenue Service issued guidance on providing relief for certain small businesses that wish to claim the Small Business Health Care Tax Credit for 2017 and later years.

On April 30, the Occupational Safety and Health Administration announced that it made an error regarding implementation of the 2016 Electronic Injury Reporting and Anti-Retaliation final rule and determined all affected employers are required to submit injury and illness data in the Injury Tracking Application online portal, even if the employer is covered by a State Plan that has not completed adoption of their own state rule. 

ABC will be celebrating Construction Safety Week 2018, May 7-11, with an awareness campaign highlighting member achievements in safety performance and ABC’s commitment to achieving zero-incident jobsites. Visit constructionsafetyweek.com for advice on engaging your team with an event guide, toolbox talks, messages to share and more ideas to promote safety as an industry priority.  

Nonresidential construction spending declined 0.3 percent in March, according to an ABC analysis of U.S. Census Bureau data. Nonresidential spending, which totaled $740.9 billion on a seasonally adjusted, annualized basis, has expanded 2.5 percent on a year-over-year basis. February’s spending estimate was revised roughly $10 billion higher, from $732.8 billion to $742.8 billion, rendering the March decline less meaningful.

The March 2018 not seasonally adjusted national construction unemployment rate was down 1 percent from March 2017, and estimated construction unemployment rates also fell in 37 states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released by ABC. The national unemployment rate was 7.4 percent, the lowest national March rate on record.