Tyler New Builds Struggle, Labor Shortage Grows
Labor Shortage Intensifies Construction Challenges The U.S. construction industry is experiencing a slight improvement in the labor gap. However, the shortage of skilled workers remains a significant roadblock for new projects. By 2025, approximately 439,000 additional workers will be needed to meet labor demand. The shortfall particularly impacts the nonresidential construction sectors. This affects overall project timelines and quality. About 70% of construction companies face challenges in filling skilled positions. An aging workforce and insufficient training programs exacerbate the skilled workforce deficit. Structural deficits in training programs hinder the influx of younger workers into the industry. Cyclical demand fluctuations worsen the situation. Additionally, competition from other industries offering more attractive opportunities poses further challenges. Employers must prioritize effective training programs. This will help cultivate a skilled workforce ready to address c...