Skilled Labor Shortages in the Construction Industry
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Event Details
Skilled Labor Shortages in the Construction Industry: Insights from AGC Survey
A recent survey by Associated General Contractors (AGC) revealed alarming statistics that impact the construction industry. Of the approximately 1,400 contractors surveyed, a staggering 85% reported open craft positions ... and an even more concerning 88% of those respondents stated that they are encountering significant challenges in filling these positions. These shortages have cascading effects, including increased costs, quality impacts, and heightened safety concerns.
Hear more from AGC about the survey and what the results mean to Owners and their partners.
Learning Objectives
- Learn from a recent AGC survey what contractors across the U.S. report on the level of difficulty in filling both hourly craft and salaried positions.
- See details of the workforce shortage report, broken down by region, project type, specific occupations, firm size, and union versus open-shop.
- Hear how the labor market has changed (or not) from a year ago.
- Discover strategies that companies are adopting to recruit and retain workers.
1.0 Learning Unit
Presenter
Ken Simonson has been Chief Economist for the Associated General Contractors of America, the leading construction trade association, since 2001. He provides insight into the economy and what it implies for construction and related industries through frequent media interviews, presentations, and the Data DIGest, his weekly one-page e-newsletter that goes to more than 20,000 subscribers.
Ken has over 40 years of experience analyzing, advocating, and communicating about economic and tax issues. He currently serves as an advisor to the Census Bureau’s construction data
re-engineering initiative. He is a Fellow and past president of the National Association for Business Economics, and he is co-director of the Tax Economists Forum, a professional meeting group he co-founded in 1982.
Ken has a BA in economics from the University of Chicago, and an MA in economics from Northwestern University.