U.S. employers will soon face “the largest labor shortage the country has ever seen,” according to a report from Lightcast, a labor market data and analysis firm.
The problem will be especially acute in fields like plumbing, HVAC, and auto maintenance. The labor force as a whole is being challenged by Baby Boomers retiring, falling childbirth rates, and a shrinking cohort of working age adults participating in the labor force.
For construction and trades, the problem is worsened by younger generations seeking office-based jobs requiring a college degree, prime working-age men exiting the labor force due to increased substance abuse and incarceration, and women filling less than 2% of jobs in traditionally male-dominated fields.
The only growth in the U.S. labor force since 2019 is due to immigration and foreign-born workers, the report says.
Related Stories
Contractors | Apr 15, 2019
Suffolk launches Smart Lab in Los Angeles
The lab will identify, test, and scale new technologies to help advance the construction industry.
Contractors | Apr 11, 2019
The construction industry has a problem, and women are going to solve it
Women currently comprise 9% of the construction industry. Here’s how we will change this to solve one of the industry’s most pressing issues.
Building Tech | Apr 8, 2019
Factory-based construction with no siloes starts with a single source of truth
Working from a single source of truth means every factor of design, procurement, manufacturing, and assembly will be accounted for before the assembly line is turned on.
Contractors | Apr 8, 2019
Employers at risk when using construction equipment not sized for women
As more women enter male-dominated fields, gear supply has not kept up with demand.
Mixed-Use | Apr 7, 2019
Chicago-area joint venture antes up $1 billion for Opportunity Zone development investment
Decennial Group says it’s looking at 250 potential projects, primarily in America’s heartland and rural areas.
AEC Tech | Jan 9, 2019
Our robotic future: Assessing AI's impact on the AEC profession and the built environment
This is the first in a series by Lance Hosey, FAIA, on how automation is disrupting design and construction.
Great Solutions | Jan 2, 2019
Net zero construction trailer brings health and wellness to the jobsite
As AEC firms scramble to upgrade their offices to maximize occupant wellness and productivity, Pepper Construction asks, What about the jobsite office?
Building Owners | Dec 18, 2018
More-frequent catastrophes are exposing commercial real estate and properties to potentially higher insurance rates
A new report on the property and casualty market foresees modest rate hikes for construction projects.
Building Technology | Dec 18, 2018
Data and analytics are becoming essential for EC firms competing to rebuild America’s infrastructure
A new paper from Deloitte Consulting advises companies to revise their strategies with an eye toward leveraging advanced technologies.
3D Printing | Dec 7, 2018
Additive manufacturing heads to the jobsite
Prototype mobile 3D printing shop aims to identify additive manufacturing applications for construction jobsites.