Construction Worker Shortage 2024. With interest rates set to decline in 2024 and 2025, the expectation is that construction worker shortfalls will remain elevated. The construction industry is facing a labor shortage of about 500,000 workers this year.
In order to meet demand, contractors will need to hire an estimated 546,000 workers in 2023, and that’s in addition to the. In 2024, the industry will need to bring in more than 342,000 new workers on top of normal hiring to meet industry demand, and that’s presuming that construction.
“From 2022 Through 2024, This Total Represents A Need For An Additional 2.2 Million New Hires For Construction.
Skilled worker shortage stalls u.s.
Let’s Take A Look Into What’s On The Horizon In This 2024 Construction Outlook.
Among other things, that would.
Construction Industry Is Grappling With A.
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This Year, The Construction Industry Is Short About 500,000 Workers — And That's On Top Of The Normal Pace Of Hiring, According To A January 2024 News Release From The Trade.
The construction industry has faced severe worker shortages for a number of years, and it is predicted to continue in the year ahead.
Washington, Dc — The Construction.
Among other things, that would.
In 2025, The Industry Will Need To Bring In Nearly 454,000 New Workers On Top Of Normal Hiring To Meet Industry Demand.