Between February 2020 and June 2022, the U.S. labor market experienced the deepest downturn on record followed by the fastest recovery in at least a century. The COVID-19 pandemic disrupted every corner of the economy, forcing massive shutdowns and triggering record job losses across all industries. Yet, in just two years, the labor market rebounded […]| Eye On Housing
The median age of construction labor force is 42, one year older than a typical worker in the national labor force, according to NAHB analysis of the most recent 2023 American Community Survey (ACS) data. However, more younger people are joining the construction industry. Despite some improvements since the peak of the skilled labor shortage […]| Eye On Housing