Whether in mining, construction, fabrication and assembly, equipment installation and repair, or other industries, there is a shortage of skilled tradesmen/ technicians to do essential work.
At the start of September, the number of open jobs exceeded the number of active jobseekers for the 17th consecutive month—a record for the United States economy.
It’s a fact: our workforce is aging. By 2024, nearly 1 in 4 people in the labor force are projected to be age 55 or over.
This is a big change from 1994, when people ages 55 and older represented only 11.9 percent of the labor force – a share smaller than those held by other age groups: 16-24, 25-34, 35-44 and 45-54. But by 2024, their projected share will be the largest among these age groups.
