New York City, once the epicenter of the coronavirus pandemic in the U.S., has entered its second phase of a four part reopening to tentatively restart the city’s economy. Since late March, New York has been all but paralyzed under the novel coronavirus pandemic with more than 209,000 confirmed cases across the boroughs and over […]
Spending for U.S. construction projects dropped a smaller than expected 2.9% in April, the Commerce Department said Monday. Analysts polled by MarketWatch had forecast a 6.8% plunge due to the coronavirus pandemic. Residential construction sank 4.5% in April, but spending on construction projects outside the housing sector fell a much smaller 1.8%. Yet economists still […]
Construction Industry Loses 975,000 Jobs in April as Project Delays Grow Construction employment declined by 975,000 jobs in April, according to the Bureau of Labor Statistics. The decline in construction jobs from March to April constituted nearly 13% of the industry’s employment and was by far the worst one-month decline ever, says Ken Simonson, chief […]
If New York City is allowed to begin reopening June 8 as Gov. Andrew Cuomo previously said, that does not mean everything returns to normal that day. In reality, entering Phase 1 is similar to the current situation, but it allows more businesses to participate. “Remember that reopening does not mean that we’re going back to […]
Protests against police brutality could give coronavirus a chance to come roaring back, Gov. Cuomo warned Monday. The demonstrations that have rocked New York City and other cities in the wake of the death of George Floyd “could potentially be infecting hundreds and hundreds of people, after everything that we have done,” the governor said. […]
A pandemic of the novel coronavirus has now killed more than 284,000 people worldwide. More than 4.1 million people across the globe have been diagnosed with COVID-19, the disease caused by the new respiratory virus, according to data compiled by the Center for Systems Science and Engineering at Johns Hopkins University. The actual numbers are believed to be much higher due […]
New York Gov. Andrew Cuomo signed an executive order this week extending his legal authority to push back the state’s May 15 “NY ON PAUSE” deadline but stopped short of moving the date, according to his top deputy Melissa DeRosa. The governor is expected to give a key update on his “PAUSE” order Monday. The […]
