By Duane Wingate
Although 36 states added construction jobs between August 2015 and August 2016, construction employment increased in only 24 states between this July and August, according to the Associated General Contractors of America (AGC), primarily because firms that wanted to increase their headcount could not find qualified workers to hire. The Bureau of Labor Statistics (BLS) projects the industry will grow 28.8 percent by 2022, meanwhile tightness in the labor supply will only continue to increase in the years ahead.
What’s driving the growth in today’s construction industry? During the Great Recession, no industry was hit harder than construction. As a result, capital improvement projects were shelved, and new construction was halted, while existing structures continued to age and depreciate. Many of these projects were urgently needed even before the recession, and now the backlog is increasingly critical.