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
Codes and Standards | Mar 25, 2016
OSHA finalizes new silica dust regulations
Construction industry has until June 2017 to comply.
Contractors | Mar 24, 2016
ABC: Construction Backlog expands at the close of 2015
Uptick suggests high demand for construction workers will continue.
Market Data | Mar 1, 2016
ABC: Nonresidential spending regains momentum in January
Nonresidential construction spending expanded 2.5% on a monthly basis and 12.3% on a yearly basis, totaling $701.9 billion. Spending increased in January in 10 of 16 nonresidential construction sectors.
Market Data | Mar 1, 2016
Leopardo releases 2016 Construction Economics Report
This year’s report shows that spending in 2015 reached the highest level since the Great Recession. Total spending on U.S. construction grew 10.5% to $1.1 trillion, the largest year-over-year gain since 2007.
Market Data | Feb 26, 2016
JLL upbeat about construction through 2016
Its latest report cautions about ongoing cost increases related to finding skilled laborers.
Contractors | Feb 25, 2016
Huntsville’s Botanical Garden starts work on new Guest Welcome Center
The 30,000-sf facility will feature three rental spaces of varying sizes.
Architects | Feb 24, 2016
Is the booming freelance economy a threat to AEC firms?
By shifting the work (and revenue) to freelancers, “platform capitalism” startups have taken considerable market share from traditional businesses.
Religious Facilities | Feb 22, 2016
For the first time in Bulgaria, a temple’s construction raises a metal dome
The church is 2½ times larger than the basilica in Ukraine it references.
Market Data | Feb 10, 2016
Nonresidential building starts and spending should see solid gains in 2016: Gilbane report
But finding skilled workers continues to be a problem and could inflate a project's costs.
Contractors | Feb 2, 2016
ABC: Nonresidential spending falls again in December
For a second consecutive month, 12 of 16 nonresidential subsectors experienced spending decreases on a monthly basis.
