Marcum issues first quarter construction index

Marcum’s National Construction group released its Marcum Commercial Construction Index for the first quarter. The report, which was released June 9 by the New York City-based construction accounting firms, showcases an industry suffering the adverse effects of COVID-19. According to the report, construction employment fell by nearly one million jobs from March to April, a decrease of 12.8 percent. The industry’s unemployment rate also increased from 6.9 percent in March to 16.6 percent in April, the highest level since early 2012.

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