{"id":41322,"date":"2023-09-12T06:31:32","date_gmt":"2023-09-12T06:31:32","guid":{"rendered":"https:\/\/www.my-equipment.com\/blog\/?p=41322"},"modified":"2023-09-11T09:19:15","modified_gmt":"2023-09-11T09:19:15","slug":"job-growth-in-the-construction-industry-despite-labor-shortages","status":"publish","type":"post","link":"https:\/\/www.my-equipment.com\/blog\/2023\/09\/job-growth-in-the-construction-industry-despite-labor-shortages\/","title":{"rendered":"Job Growth in the Construction Industry Despite Labor Shortages"},"content":{"rendered":"<blockquote>\n<p style=\"text-align: center;\"><span data-contrast=\"auto\">Recent reports paint a dual picture for the construction industry in the United States. On one hand, there is evidence of expansion, with job growth and ongoing projects fueled by government funding from infrastructure initiatives. On the other hand, the industry faces a chronic labor shortage, making it challenging to meet the rising demand for skilled workers. The latest findings from surveys and data released by the <strong>U.S. Bureau of Labor Statistics (BLS) and Associated Builders &amp; Contractors (AGC)<\/strong> help to provide an overview of the current state of the construction sector.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<\/blockquote>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.my-equipment.com\/blog\/2023\/09\/job-growth-in-the-construction-industry-despite-labor-shortages\/#Construction_Industry_Adds_22000_Jobs_in_August\" >Construction Industry Adds 22,000 Jobs in August\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.my-equipment.com\/blog\/2023\/09\/job-growth-in-the-construction-industry-despite-labor-shortages\/#Labor_Shortages_Persist_Even_With_Wage_Increases\" >Labor Shortages Persist Even With Wage Increases\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.my-equipment.com\/blog\/2023\/09\/job-growth-in-the-construction-industry-despite-labor-shortages\/#Challenges_in_Recruiting_Skilled_Personnel\" >Challenges in Recruiting Skilled Personnel\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.my-equipment.com\/blog\/2023\/09\/job-growth-in-the-construction-industry-despite-labor-shortages\/#Non_Residential_Mega_projects_Drive_Construction_Expansion\" >Non Residential Mega projects Drive Construction Expansion\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.my-equipment.com\/blog\/2023\/09\/job-growth-in-the-construction-industry-despite-labor-shortages\/#No_Immediate_Stabilization_in_Sight\" >No Immediate Stabilization in Sight\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Construction_Industry_Adds_22000_Jobs_in_August\"><\/span><b><span data-contrast=\"auto\">Construction Industry Adds 22,000 Jobs in August<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"auto\">In August, the U.S. construction industry added 22,000 jobs, continuing an upward trend. This positive development comes after an average monthly increase of 17,000 jobs over the past year. Notably, specialty <strong><a href=\"https:\/\/www.my-equipment.com\/blog\/2023\/01\/upcoming-construction-trade-shows-events-and-conferences\/\">trade contractors<\/a><\/strong> contributed 11,000 positions, and heavy and civil engineering construction saw an increase of 7,000 jobs. Employment in the construction sector showed consistent growth throughout the month.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Labor_Shortages_Persist_Even_With_Wage_Increases\"><\/span><b><span data-contrast=\"auto\">Labor Shortages Persist Even With Wage Increases<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"auto\">Despite the addition of jobs and competitive wages, the construction industry still grapples with a <a href=\"https:\/\/www.my-equipment.com\/blog\/2023\/06\/construction-companies-face-labor-shortage-amidst-strong-demand\/\"><strong>labor shortage<\/strong><\/a>. According to a BLS report published in August, construction workers\u2019 average hourly wage increased by 5.7 percent over the past year, reaching $34.40 per hour in August. Plus, construction firms paid a wage premium of 18.6 percent compared to the average hourly wage for all private-sector production employees.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Challenges_in_Recruiting_Skilled_Personnel\"><\/span><b><span data-contrast=\"auto\">Challenges in Recruiting Skilled Personnel<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"auto\">Despite an unemployment rate of only 3.9 percent for job seekers with construction experience in August, many contractors continue to face difficulties in recruiting suitable personnel. The AGC report highlights the industry\u2019s ongoing struggle to find and retain skilled workers, despite competitive wages and demand for labor.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Non_Residential_Mega_projects_Drive_Construction_Expansion\"><\/span><b><span data-contrast=\"auto\">Non Residential Mega projects Drive Construction Expansion<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"auto\">The expansion in the construction sector is being propelled by non residential projects, particularly mega projects valued at over $1 billion. These projects are concentrated in regions like Ohio, Texas, and Arizona, where skilled individuals are drawn by the promise of higher pay rates. This geographical disparity can result in construction booms in certain areas while others experience a labor shortage.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"No_Immediate_Stabilization_in_Sight\"><\/span><b><span data-contrast=\"auto\">No Immediate Stabilization in Sight<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"auto\">The data suggests that the construction industry may not experience a quick stabilization in labor availability. To ensure the viability of their firms and keep projects on track, construction businesses are focusing on acquiring competent workers and retaining their existing workforce.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent reports paint a dual picture for the construction industry in the United States. On &hellip; <a href=\"https:\/\/www.my-equipment.com\/blog\/2023\/09\/job-growth-in-the-construction-industry-despite-labor-shortages\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Job Growth in the Construction Industry Despite Labor Shortages&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":41324,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[538,798],"class_list":["post-41322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-labor-shortages","tag-u-s-bureau-of-labor-statistics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Job Growth in the Construction Industry Despite Labor Shortages - Heavy Equipment Market Insights | News | Guides &amp; Beyond<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.my-equipment.com\/blog\/2023\/09\/job-growth-in-the-construction-industry-despite-labor-shortages\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Job Growth in the Construction Industry Despite Labor Shortages - Heavy Equipment Market Insights | News | Guides &amp; Beyond\" \/>\n<meta property=\"og:description\" content=\"Recent reports paint a dual picture for the construction industry in the United States. 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