Since the Great Recession, strength in the construction sector has returned: building activity is projected to further grow, industry wages have increased, and unemployment is at an all-time low. But the ranks of workers who left the sector in the wake of the financial crisis have not returned, and the industry is struggling to keep up with a growing workforce demand.
Here’s an overview of the current state of the construction labor shortage in numbers, and a look at the factors that may have caused it.
In a market growing increasingly stronger but plagued with labor issues, building products manufacturers and other industry stakeholders are faced with an opportunity to make a difference. What can manufacturers do to help?
Point To Point has outlined strategies for building products manufacturers to follow through on their commitments to the trades in a series of labor shortage blog posts. If you’d like to learn more about how your brand can build equity, loyalty and ultimately, sales in the current market, contact us.