- July 16, 2021
- Posted by: Stratford Team
- Category: Business
Wohlsen Construction project executive Conor Evans explains how the ongoing labor shortage impacts economic recovery in the construction industry.
As the demand for post-pandemic construction projects surges, some contractors are unable to take on additional projects or complete them on time due to an ongoing worker shortage.
Construction businesses will need to hire 430,000 workers this year and 1 million within the next two years in order for the industry to keep up with demand, according to the Associated Builders and Contractors.
According to the Labor Department, construction employment fell by 7,000 in June, reflecting a job loss in heavy and civil engineering construction and specialty trade contractors.
WHERE ARE ALL OF THE JOBS? THESE SECTORS HIRED THE MOST EMPLOYEES IN JUNE
Additionally, as of June, Houston is leading the nation in construction job losses. Since February 2020, the city is down more than 29,000 jobs. New York City is not…