Category: Workforce

How Millennials Have Shaped the Construction Industry

Last year marked a milestone for the country’s youngest generation of workers, TRESTLES - MILLENNIALS IN THE 2017 WORKFORCEcommonly known as millennials: They overtook baby boomers as the largest workforce segment in America. Employers should be ecstatic that elevated rates of retirement are positioned to be offset by an influx of younger, energetic, tech-savvy workers ready to stimulate productivity.

But in the construction industry, firms continue to wrestle with skills shortages as older workers in occupational categories such as welding and carpentry retire in large numbers with their potential successors disproportionately pursuing jobs in industries such as finance, professional services and health care. In 2002, 11 percent of construction workers were aged 55 or older, according to data from the Bureau of Labor Statistics. By 2015, this share exceeded 20 percent, per the Current Population Survey.

TRESTLES - Projected USA Population By Generation

What’s more, despite massive growth in the population of twenty-somethings in recent years, by 2015 the fraction of construction workers between the ages of 20 and 24 was around 7 percent—down from 11 percent a decade ago.

This is hardly where millennials’ impact on construction ends. Continue reading “How Millennials Have Shaped the Construction Industry”

Nearly 200,000 Construction Jobs Added Since May 2016, ABC Says

Construction Unemployment Rates Improve in 24 States

Image result for association of builders and contractorsWASHINGTON, June 28 – In May, not seasonally adjusted (NSA) construction unemployment rates were down in 24 states on a year-over-year basis, according to analysis released today by Associated Builders and Contractors (ABC). At the same time, the construction industry employed 192,000 more workers than in May 2016, according to data from the U.S. Bureau of Labor Statistics (BLS), and the national NSA construction unemployment rate was 5.3 percent, up 0.1 percent from a year ago.

ECONOMIC REPORT - CONSTRUCTION ESTIMATED UNEMPLOYMENT RATE APRIL 2017

Continue reading “Nearly 200,000 Construction Jobs Added Since May 2016, ABC Says”

President Trump Signs Executive Order to Double Funds for Apprenticeships

THE ASSOCIATED PRESS – President Donald Trump is ordering more money and a bigger role for private companies in designing apprenticeship programs meant to fill some of the 6 million open jobs in the U.S.

TRESTLES - THE TOP 10 CONSTRUCTION OCCUPATIONS TO BE FILLED BY COMPLETED APPRENTICESHIPS IN 2017

Continue reading “President Trump Signs Executive Order to Double Funds for Apprenticeships”

Economic Update: US Construction Employment Remains Steady

Image result for association of builders and contractorsWASHINGTON, D.C., May 5—National construction employment remained largely unchanged for the second consecutive month, adding 5,000 net new jobs on a seasonally adjusted basis in April, according to analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC).
The nonresidential construction sector added 3,200 net new jobs in April after adding 8,500 net jobs in March (revised down from 13,300), while the residential sector added just 900 net jobs for the month. Construction employment expanded 2.6 percent on yearly basis, well above the year-over-year growth rate for all nonfarm industries (+1.6 percent).

“Today’s employment report confirms that the U.S. economic expansion remains firmly in place,” said ABC Chief Economist Anirban Basu. “That said, Continue reading “Economic Update: US Construction Employment Remains Steady”

E-Verify Could Soon Be Mandatory 

The E-Verify program is currently a mostly voluntary online system regulated by the federal government which helps organizations determine the employment eligibility of workers in the United States. Although not mandatory nationally,  it is required for most federal contractors and for all Continue reading “E-Verify Could Soon Be Mandatory “