The construction sector is ready to boom in 2018, but there’s just one problem: There aren’t enough qualified workers.
A new report released by the Associated General Contractors of America (AGC), found that 75% of contractors want to increase their headcount in 2018, thanks to the newly-approved tax reform bill, the government’s push to rollback red tape, strong economic growth and a continuation of favorable sector trends.
However, 50% of companies reported having a difficult time filling both craft and salaried worker positions. Over the coming year, 53% of companies told the AGC that they expect to continue struggling to find qualified applicants. These challenges come despite the fact that 60% of firms reported increasing base pay to retain or recruit professionals and 36% provided incentives and bonuses toward the same end.
“The general population doesn’t know how rewarding and profitable [construction jobs can be],” Stephen Mulva, director of the Construction Industry Institute (CII), told FOX Business. “Six-figure salaries are not uncommon.”
“Goods-producing jobs up 600% last year, that is absolutely remarkable.”
Charles Payne: It’s not about the service side, manufacturing, even this morning in this morning’s jobs report you have 30,000 construction jobs, 25,000 manufacturing jobs. ADP’s number for the full year – goods producing jobs, these are people who work with their hands. This is the heartland. This is what gave Trump Ohio and Pennsylvania. Those jobs up 600% year over year. Over 500,000 versus eighty something thousand.
Job-cut announcements in 2017 see lowest level since 1990, Challenger report says
( CNBC by Chloe Aiello ) U.S. employers announced plans to cut 32,423 jobs in December, bringing the year’s total to a low not seen since 1990, global outplacement consultancy Challenger, Gray & Christmas reported Thursday.
“The tight labor market, coupled with uncertainty surrounding health care and tax legislation, possibly kept employers from making any long-term staffing decisions this year,” CEO John Challenger said in a statement. “However, 2018 may see an increase in job cut announcements, as companies realign with consumer demand.”
Cuts in 2017 totaled 418,770, 20 percent below 2016’s number. In 1990, companies announced plans to cut 316,047 jobs.
( Daily Mail ) Facebook has been accused of age discrimination after they allowed employers like Amazon and Verizon to exclude millions of older Americans from seeing their job ads.
A joint investigation by the New York Times and ProPublica revealed that the telecoms giant recently posted a recruitment ad for jobs in financial planning and analysis – but restricted the post to Facebook feeds for users aged between 25 to 36, who lived in Washington DC and demonstrated an interest in finance.
That meant that an older yet more experienced financier living in the capital, even one looking for jobs in their field, would never see the ad.
Facebook Careers also posted an ad for jobs in their own engineering department, although only people aged 21 to 55 who live in the United States could see it.
Now that we are a full year into President Trump’s increasingly consequential first term, it is long past time to give him complete ownership of the American economy. If it seems odd to do so after only a year, that is due to former President Barack Obama, who never stopped blaming his predecessor for a recovery that never arrived because Obama could not stop sabotaging it with his anti-growth policies and anti-free market rhetoric.
Even lying conspiracy theorists in the media and Democrat Party backed by a special prosecutor, even the gale force wind of hate and lies, have not stopped Trump from keeping his eye on the economic ball. And the payoff for the average American has been beneficial in ways that just a year ago the media said would be impossible under a President Trump.
Here are seven amazing facts about Trump’s economy the media do not want you to know:
At 7.3 percent, the black unemployment rate still needs to improve, but not since hitting 7 percent in 2000 have things looked this good, most especially after nearly two decades of double-digit unemployment.
After an unexpectedly high growth rate of 3.3 percent in the third quarter of 2017 (and that is with two devastating hurricanes), projections for the fourth quarter have edged into the magic number of 4 percent.
Optimism in the American economy breeds investor confidence and consumer spending, which, in turn, drives all the creation and manufacturing and shipping of products needed to fill those needs, which, in turn, gives us Boom Times. For the first time in more than a decade, a majority of Americans see our economy as â€œgood or excellent.â€ A near record of 41 percent believe 2018 will see an even better economy and their home values rise; 42 percent believe their wages will increase.
With millions of working and middle-class Americans invested in the stock market through various retirement accounts, every announcement of a new record rings like a cash register ringing in their hardworking ears.
While pushing long overdue corporate (and income) taxes through Congress, using whatever authority he can to unilaterally cut red tape, and the power of the bully pulpit to sell America and the American worker to the world, Trumpâ€™s tide is lifting all boats in ways the â€œexpertsâ€ warned us was not possible.
In the final year of the Obama presidency, America lost a net of 16,000 manufacturing jobs. While still president and speaking of Trump, this is how President Obama responded:
When somebody says like the person you just mentioned who Iâ€™m not going to advertise for, that heâ€™s going to bring all these jobs back. Well how exactly are you going to do that? What are you going to do? Thereâ€™s uh-uh no answer to it. He just says. â€œIâ€™m going to negotiate a better deal.â€ Well, how? How exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesnâ€™t have an answer.
So far in 2017, a full 171,000 manufacturing jobs have been created. Moreover, the manufacturing unemployment rate is just 2.6 percent, the lowest ever recorded.
…We built the Yahoo Finance Trumponomics Report Card, using data provided by Moody’s Analytics, to measure the Trump economy compared with six prior presidents on six key measures. Here’s how Trump compares on jobs:
( Breitbart byWarner Todd Huston ) Coming off a jobs report that figured higher than analysts expected, the Trump jobs boom is continuing with big-box retailer Home Depot announcing that it plans to add up to 80,000 new employees nationwide, perhaps by spring.
“Applying for a job at the world’s largest home improvement retailer now takes about 15 minutes using any device, thanks to a shorter application and mobile-optimized ‘careers’ site at careers.homedepot.com,” Home deport said in a statement.
Job openings will include customer service and sales, lot associates, receiving, store support, cashier positions, as well as jobs in the Merchandising Execution Team — those responsible for setting up store displays.
The announcement came as part of the company’s new “Behind The Apron” series aimed at telling the stories of employees
The announcement by Home Depot comes on the heels of a higher than expected jobs report as hiring across the country measures in at its highest level in three years.
On Wednesday the federal government reported that the number of private payrolls increased by 298,000 in February, well above the original forecast of 187,000. January also saw levels of hiring revised upward to 261,000 jobs created.
The country has experienced higher growth since Trump took office. Only a day ago, for instance, President Trump praised Exxon Mobil for its plans to hire up to 45,000 new employees in facilities in Texas and Louisiana.