Industry leaders are beginning to call what we have entered the ‘Great Resignation,’ and ‘Quits’ are rising in almost every industry’s workforce.
According to Forbes, over 40% of the current U.S. construction workforce is expected to retire over the next decade. In addition, the current shortage of some 430,000 construction-industry workers is fully expected to expand over the next two years. But looking on the bright side, nonresidential construction firms did add 20,800 employees in November 2021, following a pickup of 34,600 the month prior. And while there has been an increase in workers, nonresidential employment remains 209,000 below the February 2020 level, as the sector has recovered only 67% of the jobs lost in the first two months of the pandemic.