A current (September 16, 2013) edition of Engineering News Record (ENR) contained three articles which were fascinatingly related. First, an financial aspects piece proclaiming that the unemployed rate within the construction industry has “leveled off” at 9.1%, based on the Bls (BLS). Only residential construction and high civil work added jobs. Also based on the BLS, architectural and engineering services unemployment for that second month consecutively. Then, on a single page, a study the Dodge Momentum Index, which measures non-residential projects entering the look stages, has elevated after being stagnant the 2 several weeks prior. So, our industry has greater unemployed rates compared to relaxation from the economy, but projects and worker needs are beginning to get again.
A couple of pages later, I just read a complete page article showing that shortages of craft employees and engineers “plague contractors”. Firms condition they can't find enough qualified talent to complete the job available. But, there's a 9.1% unemployed rate in the market in general.
In addition, the Connected General Companies (AGC) of the usa carried out market research with roughly 700 participants. 70-4 % stated they'd lack in skilled crafts yet others stated that engineers and estimators could be within the greatest demand because of shortages. One consultant figured that by 2020, America would lose one-million construction employees, while growth would demand a different one-million employees – or perhaps a two-million internet shortfall… So who's going to engineer and make our projects?
Associating these statistics and forecasts with the other challenges in the current employment market, discloses some key takeaways for all of us to think about:
- Many people threw in the towel searching for operate in construction and/or gone to live in another area. I've got a 30-years old nephew in Chicago who had been an iron worker, but has become in nursing school. He stated it had been to make sure more stability for his family.
- There's still lots of work available available and the requirement for qualified assistance is significant and growing.
- Mid-to-long term, within the next six to seven years, your competition permanently people, including engineers and trades people, is going to be fierce.
It's important for that ongoing success in our industry that perform what we should can to advertise the eye of those professions to today’s youth. It's a noble occupation to produce conditions for the prosperity of society.
"By far the very best prize that existence needs to offers are the opportunity to work working hard worth doing."