In the past year, the construction sector has lost more than 1 million workers, and almost all areas of the construction industry are experiencing project delays due to skilled labor shortages. Associated Builders & Contractors (ABC) predicts the construction labor shortage could be as high as 512,000 workers by 2023.
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Attracting skilled labor will remain a key point for construction firms in the coming quarters. This might become more of a challenge due to the labor market strengthening and the unemployment rate declining.
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