Labor Crunch Will Continue to Squeeze Contractors in 2024

Contractors’ struggles to find workers will continue in 2024, but the majority still intend to increase their staffing due to rising demand for multiple project types, according to a new Associated General Contractors of America survey of its members.

Nearly eight in 10 respondents said they have a 
hard time filling salaried or hourly craftworker positions, but 69% still said they anticipate a “total increase” in headcount. A fifth of respondents said it will get harder to hire in 2024.

Nonetheless, contractors will need those workers. In 14 of 17 sectors, respondents anticipated the dollar value of projects they compete for to increase this year compared to 2023.

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