Recession risks, labor shortages, office vacancies and interest rates were all hurdles ahead for contractors.
Skilled trades employers posted over 200,000 job openings in April 2023.
Not many candidates vying for work in the construction industry have the skills needed to do so, adding to workforce shortages, according to results of a survey by the Associated General Contractors of America (AGC) and Autodesk.
The overall cost of construction materials dipped in the last couple of months for the first time since 2020. However, home builders are still facing an uphill battle with lack of warehousing storage and a tight labor market, among other factors.
The construction industry in Wisconsin is poised to battle usual suspects in the new year, with labor availability and prices up with inflation among the biggest challenges ahead.
The construction business is booming. Across the country, the industry is short 650,000 workers to meet current demand.
“We are hiring.” How many times have you seen that this week? Or even just today? It seems no industry is immune from the labor shortage crisis.
Wisconsin Republicans introduced legislation Tuesday that would tighten eligibility for unemployment benefits and Medicaid coverage, saying the bills are designed to help alleviate what they maintain is a crippling labor shortage in the state.
If contractors had to sum up the prospect of getting work from the recently passed federal infrastructure bill amid continuing labor and supply shortages, many would no doubt say: It’s a good problem to have. Others, of a more skeptical cast of mind, might add: Be careful what you wish for.
To understand how Wisconsin’s labor shortage has transformed the jobs market, look no further than an Oct. 14 job fair to hire workers for expansions of Pierce Manufacturing’s production plants in Neenah and Fox Crossing.
A year-and-a-half into the pandemic, contractors are contending once again with a shortage of labor that's compounding supply chain delays and project disruptions.
After sifting through more than 150 applications, officials at the Associated General Contractors of Greater Milwaukee found they didn’t have to go far for their next chief executive. Mark Kessenich, who will take the reins at the AGC of Greater Milwaukee in June, has spent the past eight years at the workforce-group development group WRTP/Big Step, six of those as president. Recent months have[...]
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