Number of employees in the construction industry in the United States from January 2000 to February 2023


Monthly workforce size in U.S. construction 2000-2023


The construction sector employed nearly eight million people in the United States in early 2023, which was the highest number since the start of the COVID-19 pandemic. There is a strong correlation between the amount of investment in construction and demand for workers. For example, in the years following the 2008 financial crisis, the value of new construction put in place in the U.S. also decreased.

How to improve the job shortage?

Many contractors have reported difficulty finding skilled workers in recent years. However, that has not only been the case in the construction industry, but in many other sectors of the economy too. For example, U.S. restaurants reported shortages in different positions in the past years. Although there are many reasons why workers may quit, in general, an increase in the salaries of construction employees may help in reducing the number of resignations.

Worker shortages in Europe

The United States is not the only country where companies have been facing these challenges. Thus, the percentage of French infrastructure companies reporting staff shortage peaked in 2019 and 2022. However, there are certain industries that struggle finding new employees more than construction. Social and care work had the highest skilled labor shortages in Germany.

International Research Awards on Statistical Methods for Analyzing Engineering Data

 Visit: https://statistical-methods-conferences.researchw.com/

#biostatistics
#socialscience
#psychologyresearch
#politicalscience
#publichealth
#economics
#finance
#marketresearch
#consumerbehavior
#machinelearningalgorithm
#datamining
#dataengineering
#deeplearning
#neuralnetworks
#datacleaning
#visualanalytics
#datascientist
#businessanalytics
#predictiveanalytics
#textanalytics
#naturalanguageprocessing
#time-seriesanalysis

Comments

Post a Comment

Popular posts from this blog

Image
  Most in-demand skill in the future workplace? New research shows that data literacy will be the most in-demand skill by 2030. According to a report developed by Qlik in partnership with The Future Labs, business leaders and employees alike predict that data literacy, defined in the report as the ability to read, work with, analyze and communicate with data, will be the most in-demand skill by 2030. With 85% of executives saying it will become as vital in the future as the ability to use a computer is today. According to research from analytics software company Qlik, at least 1 in 5 employees believe their employer is preparing them for a more data-oriented and automated workplace (21%). Which holds true in the findings that global employees report their use of data, and its importance in decision-making, has doubled over the past year. While 89% of executives now expect all team members to be able to explain how data has informed their decisions. This demand for data skills refle...
Read more
Image
  Drivers warned over fatigue risk ahead of bank holiday getaway The AA said ‘drowsiness is one of the most underestimated risks on the roads’. Drivers are being warned to avoid falling asleep at the wheel as millions prepare for bank holiday getaways. AA analysis of latest Government figures shows one in 33 casualties on roads in south-west  England  – which includes many popular holiday destinations – were victims of crashes in which fatigue was a contributory factor in 2021. Statistics   also show drivers are three times more likely to drift off and cause collisions on motorways than on other roads. International Conference on Statistical Methods for Analyzing Engineering Data 3rd Edition of Statistics | 29-30 May 2023 | Brazil (Hybrid) Visit: https://statistical-methods-conferences.researchw.com/ #statistics #datascience #data #stats #math #mathematics #dataanalytics #machinelearning #analytics #python #dataanalysis #calculus #algebra #homework #bigdata #datascie...
Read more
Image
  Number of Threads sign-ups worldwide as of July 10, 2023 Meta Platforms released a new social media platform called Threads on 5th July 2023, which is available in over 100 countries, excluding the European Union. Within two hours of its release, two million users had signed up for Threads, and within 24 hours, 30 million people were on the new online network. As of July 10th, the number of sign-ups reached 100 million. Users can post up to 500 characters on Threads, and the service offers numerous features that are comparable to those on Twitter and is verified via users' Instagram accounts. International Conference on Statistical Methods for Analyzing Engineering Data 5th Edition of  Statistical Methods for Analyzing Engineering Data | 27-28 July 2023 | Delhi, India (Hybrid) Visit:  https://statistical-methods-conferences.researchw.com/ #statistics #datascience #data #stats #math #mathematics #dataanalytics #machinelearning #analytics #python #dataanalysis #calculus ...
Read more