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2024 Construction Workforce Shortage Tops Half Million, Says ABC

Construction Superintendent Magazine

The construction industry will need to attract an estimated 501,000 additional workers on top of the normal pace of hiring in 2024 to meet the demand for labor, according to a proprietary model developed by Associated Builders and Contractors. ABC estimates that the U.S.

ABC 52
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Newly Formed ABC Tech Alliance to Connect Contractors to Construction Technology

Construction Junkie

There are now hundreds of construction-specific apps available, ranging from project management, to compliance and reporting, to photo documentation, to estimating, and many more. More info: ABC Tech Alliance | Associated Builders and Contractors. Construction technology has come a long, long way in the past decades.

ABC 119
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US Construction Half a Million Workers Short

Construction Today

Fresh data released by the Associated Builders and Contractors (ABC) underscores the gravity of this shortfall, estimating a staggering deficit of 501,000 workers to satisfy existing demand. In recent years, the US construction sector has grappled with a formidable challenge: a significant dearth of proficient laborers.

US 93
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Construction Workforce Shortage Tops Half a Million in 2023, Says ABC

Construction Superintendent Magazine

The construction industry will need to attract an estimated 546,000 additional workers on top of the normal pace of hiring in 2023 to meet the demand for labor, according to a proprietary model developed by Associated Builders and Contractors.

ABC 52
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July Construction Unemployment Rates Remain Low, Says ABC

Construction Superintendent Magazine

In July, estimated not seasonally adjusted construction unemployment rates rose nationally and in 38 states, fell in eight states and remained unchanged in four on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. In July, most of the East.

ABC 45
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ABC Predicts Construction Sector Will Remain Strong in 2019

Construction Superintendent Magazine

Associated Builders and Contractors Chief Economist Anirban Basu forecasts another strong year for construction sector performance, yet warns about inflationary pressures, according to a recently published 2019 economic outlook. WASHINGTON, D.C. economic performance has been brilliant of late. but the headline statistics make.

ABC 40
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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

In recent years, inflation, supply chain issues, and labor shortages have only increased the likelihood of project delays, performance issues, and contractor default. While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects the property owner, not the GC.