Hurricane Ian left a ton of costly damage across Florida, leaving thousands of residents without power, and in some cases businesses and homes. Now the call is going out to construction companies across the nation to show up in force to rebuild parts of the sunshine state. This will take thousands of workers working long hours. Unfortunately, the construction industry
In an effort to fill outstanding job openings, one construction company in the Northeast is willing to pay high school grads up to $47 an hour. Harrison & Burrowes in New York City are offering the high paying jobs with full benefits, even without a college degree. , Candidates only need to complete a summer apprenticeship while still in high school. "College
There was a time seeing a woman working construction seemed odd. These days, you almost can't drive by a construction site without seeing a female working the rough and tumble job of construction.
Now, construction sites are seeing more women who are older working the lines.
In an effort to reel in and keep current workers, construction companies are pumping up pay. The labor market for the construction sector is meager at best, with labor statistics indicating as many as a half million construction jobs remain unfilled. Add to that the number of construction workers quitting the profession, and you have a labor shortage crisis.
The recession the U.S. economy is now in is officially taking a serious toll on the construction industry. Despite a shortage of workers, companies are hiring less as it's becoming more expensive to operate. The Bureau of Labor Statistics say the construction sector experienced one of the sharpest reductions in job openings of all sectors.
Data
According to the Bureau of Labor Statistics, construction companies aren't only dealing with a labor shortage, but they're being forced to overpay under skilled workers. The result is dwindling profit margins, making it tougher for construction companies to improve productivity.
Data shows the average hourly rate for entry-level jobs rose more than
According to an Associated Builders and Contractors (ABC) the construction sector had 400,000 job openings in March of this year, an increase of 60,000 jobs from the previous year.
Construction workers quit more than they were letgo by about 3% which is well above the layoffs and discharges rate of 1.6%. It's the 13th consecutive month with quits outpacing
If you are skilled in construction, you have nice job security. As long as you don't total a new machine every few weeks, you'll always have a job. In fact, even if you do total a machine every few weeks, you'll probably still have a job. That's because the construction industry desperately needs to add nearly three quarters of a million skilled workers to meet
