JOLTS Analysis – Spotlights Emerging Skills Shortages
The US construction industry remains far from full recovery. Despite that, the industry is increasingly impacted by emerging skills shortages; the products of ongoing retirements, rapidly shifting technologies, and inadequate levels of interest among younger workers. Readers should note that net given job creation in any given month is the product of massive numbers of people being hired and almost equally large numbers of people being released from employment over that same period. All too frequently, the number of US construction jobs actually declines on a monthly or annual basis. When construction adds or loses jobs in a given month, the reported figure is a net change statistic that often obscures the frantic pace of hiring and firing that characterizes the industry.
Table of Contents
- JOLT Survey Spolights Emerging Skills Shortages
- Exhibit 1. Total U.S. Construction Hires, January 2003 through December 2013
- Exhibit 2. Hiring and Openings, December 2010 through December 2013
- Exhibit 3. Construction Industry Separations, January 2003 through December 2013
- Marcum LLP Services