US Skilled Trades Worker Shortage Worsening Amid Soaring Demand & Workforce Crisis

Rhea-AI Summary

The skilled trades sector, as analyzed by PeopleReady, faces a significant workforce shortage, with demand for skilled tradespeople increasing by 50% since pre-pandemic levels, resulting in 388,345 job postings between May and June 2021. Positions remain unfilled for an average of 24 days. Notable growth in demand includes concrete masons (904%), window glaziers (422%), and house painters (329%). The shortage presents opportunities for career changers, emphasizing the importance of contingent workforces in addressing workforce challenges. TBI, TrueBlue's ticker, is closely linked to this trend.

Positive

• 50% increase in job postings for skilled trades since pre-pandemic levels.
• Explosive growth in skilled trades employment opportunities.
• High demand for concrete masons (904%), window glaziers (422%), and house painters (329%).
• Availability of beginner positions across various trades.

Negative

• Worsening shortage of skilled tradespeople despite rising job demand.
• Positions remain unfilled for an average of 24 days.

TACOMA, Wash., Aug. 5, 2021 /PRNewswire/ -- You may have noticed construction projects are taking longer to complete these days and the timeline for home repairs is getting stretched out even further. The primary reason? Skyrocketing demand and a worsening shortage of workers in the skilled trades where the need was already far outpacing the number of tradespeople available before the pandemic, according to a new analysis by PeopleReady's skilled trades division. There were 388,345 jobs posted for skilled trades-related workers between May and June, a 50% increase from pre-pandemic levels—with most positions remaining unfilled for an average of 24 days.

According to the PeopleReady Skilled Trades analysis of millions of job postings, skilled trades were one of the few industries to experience growth nearly every month throughout the pandemic. However, the number of skilled tradespeople, already at a massive deficit, didn't keep up. Amid an overall workforce shortage, the gap between demand and supply for tradespeople is only growing wider. But it has created significant opportunities for anyone looking to make a career change.

"Whether you're someone who left the skilled trades to pursue other work or are looking to get your start on a new career path in a booming industry, now is a great time to join the skilled trades. The jobs not only pay well and provide steady employment but can also offer the kind of flexibility workers are looking for right now," said Jill Quinn, executive leader of PeopleReady Skilled Trades. "We are seeing explosive growth in the skilled trades industry right now. As businesses struggle to find skilled tradespeople amid current workforce challenges, more of them are turning to contingent workforces to help get the job done."

According to the analysis comparing job posting growth since before the pandemic, some of the skilled jobs that have seen the most growth include:

• Concrete masons top the list with 904% growth in demand compared to pre-pandemic numbers.
• Job postings for window glaziers soared 422%.
• House painters saw a 329% increase.
• Electricians have risen130%.
• Plumbers are up 129%.
• And carpenters are up 121%.

PeopleReady Skilled Trades notes that in addition to the need for skilled tradespeople, there are also plenty of helper or beginner positions available in nearly all of the trades for those looking to get their start in the skilled trades.

About PeopleReady Skilled Trades
PeopleReady Skilled Trades is a specialized division of PeopleReady, a TrueBlue company (NYSE: TBI). Since 1987, this specialized division has connected tradespeople and work across a wide range of trades, including carpentry, electrical, plumbing, welding, solar installations and more. Whether customers need a single tradesperson or require a coordinated effort to dispatch trades workers across multiple projects, PeopleReady Skilled Trades ensures they have the right people with the right tools, on-site and on time. Learn more at skilled.peopleready.com.

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SOURCE PeopleReady Skilled Trades

FAQ

What does the recent PeopleReady analysis say about skilled trades job demand?

The analysis reveals a 50% increase in skilled trades job postings since pre-pandemic levels, with concrete masons seeing a 904% growth in demand.

What are the primary challenges in the skilled trades sector according to TBI?

The primary challenge is a significant shortage of skilled tradespeople, leading to prolonged job vacancy times averaging 24 days.

How has the skilled trades workforce changed since the pandemic?

The skilled trades workforce has seen consistent growth in job postings, but the number of available qualified workers has not kept pace, creating a widening gap.

Which skilled jobs are seeing the highest demand according to the report?

Jobs like concrete masons, window glaziers, and house painters are experiencing the highest demand growth, with increases of 904%, 422%, and 329% respectively.