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The U.S. Small Business Administration (SBA) and SCORE Association will host a free, three-day Virtual Conference during SBA’s 2018 National Small Business Week, May 1-3.
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The February 2018 not seasonally adjusted national construction unemployment rate was 7.8 percent, down 1 percent from February 2017 and the lowest national February rate on record, according to an analysis of U.S. Bureau of Labor Statistics data released by ABC. Estimated construction unemployment rates were down in 34 states on a year-over-year basis, unchanged in one state (Arizona) and up in 15 states.
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Nonresidential construction spending inched 0.1 percent higher in February, according to an ABC analysis of U.S. Census Bureau data. Nonresidential spending, which totaled $732.8 billion on a seasonally adjusted, annualized basis, has expanded 1.3 percent since February 2017.
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On April 3, the U.S. Department of Labor’s Wage and Hour Division launched the Payroll Audit Independent Determination program, a new nationwide pilot program to assist employers in expediting the resolution of inadvertent overtime and minimum wage violations under the Fair Labor Standards Act. The pilot program will be implemented for approximately six months nationwide.
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On March 19, 2018, the U.S. Department of Commerce began accepting exclusion requests from U.S. industry for the recently announced tariffs on steel and aluminum product imports. According to the notice published in the Federal Register, “individuals or organizations using steel or aluminum articles identified in presidential proclamations 9704 and 9705 and engaged in business activities in the United States may submit exclusion requests.”
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The U.S. Department of Labor’s Wage and Hour Division released several videos that will assist employers with complying with the requirements under the Fair Labor Standards Act.
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ABC released its 2018 Safety Performance Report to further the construction industry’s understanding of how to make jobsites safer through its Safety Performance Evaluation Process (STEP). Packed with infographics and practical takeaways, the report documents the dramatic impact of using proactive safety practices to reduce recordable incidents by up to 85 percent, making the best-performing companies 670 percent safer than the industry average.
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Continued strength in construction resulted in a 7.3 percent January 2018 not seasonally adjusted national construction unemployment rate, down 2.1 percent from January 2017 and the lowest national January rate on record, according to an analysis of U.S. Bureau of Labor Statistics data released by ABC. Further, estimated construction unemployment rates were down in all 50 states on a year-over-year basis.
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ABC announced ACI Mechanical as its Contractor of the Year, National Diversity Excellence Award winners, National Safety Award winners and America’s top construction projects at the annual Excellence in Construction® Awards on March 21 at ABC Convention 2018.
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ABC announced the winners of the Construction Management Competition (CMC), National Craft Championships (NCC), Craft Professional of the Year and Craft Instructor of the Year during its Careers in Construction Awards ceremony at the conclusion of ABC Convention 2018 in Long Beach, Calif., March 22.
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