Labor demand in the construction industry is at a historic high. According to an analysis by the trade association Associated Builders and Contractors, the industry will need to attract an estimated 546,000 additional workers on top of the normal pace of hiring in 2023 alone.

Additionally, nearly 1 in 4 construction workers is over age 55, which means retirements are rapidly whittling away at the workforce. 

The funding provided by the Bipartisan Infrastructure Law (BIL) is further increasing the need for skilled workers to fill construction roles. McKinsey estimates that in 2028, the industry will be facing a shortfall attributable to the BIL of more than 160,000 workers in the contractor and subcontractor sector, 145,000 workers in the materials sector, and 40,000 workers in the engineering and technical services sector. 

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