As Construction Employment Rises, Shortages Threaten the Industry
At the same time a SmartBrief survey found that a staggering two-thirds of companies are affected by the shortage of skilled workers and that as much as 25 percent of construction firms had to turn down business because of it. Many companies, set back by the extremely tight labor market, are in danger of falling behind on their construction schedules.
Naturally, labor shortages mean more payroll expenses too. 70 percent of surveyed firms said they had to increase salaries to find or retain laborers and for 13 percent of them the increases were “significant”.
The hardest positions to fill are carpenters, supervisors and project managers. The shortages are more prevalent in the South and the Midwest.
Read the full press release on AGC’s website.
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