February 28, 2005 / Issue 1-05
 
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AGC Convention
Learn How to Recruit and Manage Hispanic Workers
Meet New Operating Engineers President at AGC Convention
Open Shop Roundtable to Take Place at AGC Convention
View New Online Supervisory Training Program
Discover How Competitive Companies Build Leaders for the Future
Find Out How to Prevent Future Workforce Shortages With Career Academies and Charter Schools
DOL Representatives to Talk About High Growth Training Initiative, Workforce Investment Boards, and One-Stops at AGC Convention
Building Trades
AGC and Basic Trades Discuss Health Care Costs and Other Mutual Concerns
Union Density Continues to Decline
Compensation
2004 Bargaining Yields Average First-Year Increase of 3.8 Percent
Craft Workers’ Earnings Rose Slightly in 2004
Executive Salaries Up 4.23 Percent
Labor Supply
Estimated 185,000 Craft Workers Needed Over Next Decade
Government Contractors
Newly Revised Affirmative Action Manual Now Available
Laminated “Beck” Posters Now Available
HR Networking
Save the Date for the Next HR Professionals Networking Forum

  Estimated 185,000 Craft Workers Needed Over Next Decade
A large number of new entrants into the construction trades will be needed over the next 10 years, according to the Construction Labor Research Council’s (CLRC) latest Craft Labor Supply Outlook. The report discusses population trends, labor force trends, construction craft requirements, and factors affecting the estimates.

Using data from the Bureau of Labor Statistics (BLS), CLRC estimates that 185,000 craft workers are expected to enter the work force between 2005 and 2015.  This includes 95,000 people to replace workers leaving the industry and 90,000 people to fill new job opportunities created by industry growth.  Replacement needs are expected to be higher than in the past due to the aging of the labor force.  CLRC notes that, while the construction industry has more workers in their prime working years than other industries, workers tend to leave the industry at an earlier age.

CLRC predicts that an actual shortage of bodies to fill jobs is highly unlikely but that a shortage of adequately trained, skilled, and productive workers is a greater concern.  CLRC suggests that the situation could be mitigated if immigration and training improve the supply, and if increased productivity and a shift in growth from nonresidential to residential construction reduce the demand.

To view the full 20-page report, click here and scroll down to “Labor Supply.” [ return to top ]