It would take 14 years for federal and state government-registered apprenticeship programs to educate the 650,000 workers the construction industry needs to hire in 2022, according to an Associated Builders and Contractors analysis of U.S. Department of Labor data from 2021. DOL figures indicate that the construction industry’s federal government-registered apprenticeship system produced just 24,822 completers of its four- to…Read More
Source: PeopleReady Skilled Trades, Tacoma, Wash. In the Covid-19 pandemic wake, construction crafts is proving to be one of the segments hardest hit by worker scarcity, according to a new PeopleReady Skilled Trades analysis. From March 2020 to December 2021, four million jobs were open in key skilled trades businesses, more than double the amount of pre-pandemic vacancies.Read More
Source: U.S. Chamber of Commerce, Washington, D.C.
Commercial construction is in high demand across the U.S. and contractors remain optimistic about the current and forward-looking health of the sector, according to the Q3 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index. Nearly all contractors surveyed this summer (95 percent) expect revenues to grow or remain stable over the next 12 months compared to the prior 12 months, continuing Q2 2017 survey sentiments.Read More