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construction industry

December 1, 2019

News About Construction Trades Insurance

The United States Bureau of Labor Statistics predicts that opportunities in construction trades will increase by up to 13% by 2026. However, with data also showing that the largest percentages of skilled workforce in construction trades exist mainly of workers of ages 45 years and above, this shows that in the next five years, there will be a great demand gap in skilled building trade workers, as most skilled workers retire. The effects of this gap are already being felt by contractors who are currently experiencing difficulties in finding skilled workers. The pain is being felt by plumbers, roofing contractors, framers, electricians and painters and other building trades.