Tag: Shortages
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Gen Z Revitalizes the Skilled Trades Amid Construction Labor Shortages
As Baby Boomers retire, they take with them decades of accumulated skill, leadership and institutional knowledge, and presently, there are not enough new workers to replace them. The National Association of Home Builders (NAHB) reports that the median age of a construction worker has reached 42, about a year older than the national labor force…
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Veterans Strengthen the Construction Industry Amid Skilled Worker Shortages
In a world built on progress, few industries rise and fall with changing times as much as the construction industry. This field never stands still, as skilled workers shape skylines and neighborhoods, laying the backbone of our cities. As demand grows and skilled hands become harder to find, the answer stands in plain sight: veterans.…
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Construction Insurance Outlook 2026: How Contractors Can Manage Rising Costs, Labor Shortages and New Risks
Construction business leaders know how quickly market conditions can shift. Tariffs, labor shortages, and inflationary pressures are changing the cost of doing business, while technology and legal risks evolve just as rapidly. In this environment, a “set it and forget it” approach to renewing your insurance policy can leave gaps and create costly surprises. According…
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AEE: 75% of Energy Professionals Facing Workforce Shortages
A new report from the Association of Energy Engineers (AEE) warns that three-quarters of energy professionals worldwide say their sector is facing workforce shortages, a figure that rises to 90% in regions such as the Middle East and North Africa. The 2025 Energy Jobs & Market Trends Survey highlights a critical mismatch too: demand for efficiency…
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Survey finds 61% of construction SMEs are facing skills shortages
Almost two thirds (61%) of construction SMEs are being affected by a lack of skilled tradespeople, according to a joint report from the Federation of Master Builders (FMB) and the Chartered Institute of Building (CIOB). The findings from the latest SME State of Trade Survey show that despite strong growth in workloads during the first half of 2025,…
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Rising Tariffs and Labor Shortages Drive Demand for Faster Project Delivery with AWP
The latest round of tariffs from the Trump administration is driving construction input costs up 41% since February 2020, impacting materials like steel, copper, and aluminum. Even domestic projects are feeling the pinch, as supplier pricing reacts to broader market uncertainty. At the same time, workforce shortages are worsening — with 91% of contractors reporting…
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Rising Tariffs and Labor Shortages Drive Demand for Faster Project Delivery with AWP
The latest round of tariffs from the Trump administration is driving construction input costs up 41% since February 2020, impacting materials like steel, copper, and aluminum. Even domestic projects are feeling the pinch, as supplier pricing reacts to broader market uncertainty. At the same time, workforce shortages are worsening — with 91% of contractors reporting…
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How AI Is Reshaping Construction: Tackling Labor Shortages, Data Silos and Project Complexity
The construction industry is poised for a $4.2 trillion expansion over the next 15 years. But there’s a catch: a growing skills gap, with job vacancies already up 41% year-over-year, and looming retirements threatening to worsen the shortage of qualified professionals. This is where artificial intelligence (AI) steps in, not just as a futuristic technology,…
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New York contractors boost pay, benefits to fight labor shortages
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. New York construction firms are ramping up pay and benefits to stay competitive in a tight labor market, according to a new 2025 study from The Bonadio Group, a New York City-based national accounting and advisory firm.…
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‘I can’t find any help’: Employers scramble to solve worker shortages caused by immigration crackdowns
Listen to the article 7 min This audio is auto-generated. Please let us know if you have feedback. President Donald Trump’s statement in an April 15 Fox Noticias interview that his administration would “work with” undocumented immigrants who self-deport from the country and return them to the U.S. “if they’re good, if we want them…