Construction employment sees record rebound in May

  • The construction industry added 464,000 net new jobs in May, the largest monthly increase in construction jobs since the government began tracking employment in 1939 and a drastic improvement from April, which recorded the industry’s largest month-over-month job loss.
  • While nonresidential construction employment lost more than 570,000 jobs on net in April, a total of 237,000 net new jobs were added in May, according to an Associated Builders and Contractors analysis of data released Friday by the U.S. Bureau of Labor Statistics. 
  • The data showed job gains in all three nonresidential subsegments: nonresidential building, nonresidential specialty trade contractors and heavy and civil engineering.

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Tesla Has Already Delivered 1,000 Ventilators To Help Hospitals Fight Pandemic

Tesla Inc. TSLA has already delivered 1,000 ventilators to aid in the fight against novel coronavirus (COVID-19) outbreak, California Governor Gavin Newsom said in his address late Monday.

What Happened

“I told you a few days ago that [Tesla CEO Elon Musk] was likely to have 1,000 ventilators this week,” Newsom said. “They’ve arrived in Los Angeles.”

Musk, who also heads the Space Exploration Company, or SpaceX, earlier in the day said that the company expected to have over 1,200 ventilators ready by the end of this week. “Getting them delivered, installed & operating is the harder part,” he added. The Tesla CEO had previously announced plans of making ventilators like week, adding that “there will not be a shortage by the time we can make enough to matter.” Musk also held discussions with medical equipment maker Medtronic PLC MDT over the weekend.

Addressing #COVID19 is a group effort. We are grateful for the discussion with @ElonMusk and @Tesla as we work across industries to solve problems and get patients and hospitals the tools they need to continue saving lives. We’re all in this together.

Tesla had to shut down production at its Fremont factory last week due to shelter-in-place orders from local authorities in the wake of the COVID-19 outbreak.

Why It Matters

President Donald Trump on Sunday authorized automakers, including Ford Motor Company FGeneral Motors Company GM 0.05%, and Tesla, to make ventilators and other metal products.

At least 46,371 coronavirus cases have been confirmed in the United States, including 585 deaths, according to data from Johns Hopkins University. Ventilators are required particularly for high-risk populations including the elderly and people with underlying health conditions, who develop severe symptoms after contracting COVID-19 and face difficulty breathing.

Hanes will start making masks for health care professionals treating coronavirus

Hanes clothing company is retrofitting factories to make masks to combat the aggressive spread of novel coronavirus, President Donald Trump announced at a press conference Saturday. The company later confirmed it was pairing with the government to make masks for health care workers on the front line of fighting the disease.

“By way of example, Hanes … [is] retrofitting manufacturing capabilities in large sections of the plants to produce masks and they’re in the process right now,” Trump said at Saturday’s coronavirus task force briefing.

Health care providers across the country are fearing shortages of face masks and other critical equipment amid the coronavirus outbreak.