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Tag: skilled-labor: Page 3
Workforce
Washington Post: Housing hasn’t led to hiring boom because construction jobs already historically high
Though construction industry employment in the U.S. is steadily improving—adding 18,000 jobs in March amid a dreary overall jobs report—the numbers don’t match the boom the housing market is seeing. This has a lot of people searching for an answer. Recently, we shared with you one interesting theory from the Washington Post’s Neil Irwin. Irwin, […]
April 10, 2013
Business
Labor shortage expected to crush $100 billion in planned petrochemical projects
A lack of energy and mining professionals may cause the cost of these skilled workers, such as engineers and geoscientists, to double by 2020, potentially crushing $100 billion in planned petrochemical projects, Bloomberg reported. Experienced skilled workers currently earn an average of between $183,000 and $285,000 a year, while recent college graduates earn an average […]
March 12, 2013
Business
Obama stresses importance of construction, infrastructure, skilled labor in State of the Union
In his State of the Union address Tuesday night, President Barack Obama stressed the great importance of construction, housing, infrastructure, manufacturing and energy in creating new jobs and aiding the ongoing recovery of the American economy. Obama spent several minutes of the address discussing the sad state of the country’s infrastructure, which he said is […]
February 12, 2013
Business
FMI: Unconfident contractors face labor shortage, project delays
According to a new report from management consultant and investment banking provider FMI, the construction industry has contracted to the point that it is now roughly 70 percent of its size in 2006. And though things are looking up, construction business owners still face several challenges including a shrinking labor pool at a time when […]
December 19, 2012
Workforce
June construction unemployment rate lowest since 2008, but skilled-labor shortage may be looming
Though the unemployment rate among construction workers in June dropped to its lowest rate since 2008, one economist says that's not necessarily good news.
July 6, 2012
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