After the start of the COVID-19 pandemic, many restaurants in the U.S. have been able to find enough staff to fill all open positions. According to the source, 21 percent of restauranteurs reported that workers higher expectation for competitive wages was a reason for the labor shortage.

The construction sector employed over *** million people in the United States in April 2025, which was the highest number since the 21st century. There is a strong correlation between the amount of investment in construction and demand for workers. For example, in the years following the 2008 financial crisis, the value of new construction put in place in the U.S. decreased, which also translated in lower employee numbers in the construction sector. How to improve the job shortage? Many contractors have reported difficulty finding skilled workers recently. However, that has not only been the case in the construction industry, but in many other sectors of the economy too. For example, U.S. restaurants reported shortages in different positions in the past years. Although there are many reasons why workers may quit, in general, an increase in the salaries of construction employees may help in reducing the number of resignations. Worker shortages in Europe The United States is not the only country where companies have been facing these challenges. Thus, the percentage of French infrastructure companies reporting staff shortage peaked in 2019 and 2023. However, there are certain industries that struggle finding new employees more than construction. Social and care work had the highest skilled labor shortages in Germany.

In 2019, a Statista study on labor shortages showed that in 2020, 51 percent of the North American workforce were working in medium-skilled occupations, with this share decreasing to 50 percent by 2030.

Bureau of Labor Statistics - Job Openings and Labor Turnover Survey (JOLTS) 2000-2025From the BLS:Job Openings and Labor Turnover Survey Overview PageThe Job Openings and Labor Turnover Survey (JOLTS) is a monthly survey that has been developed to address the need for data on job openings, hires, and separations.PurposeThese data serve as demand-side indicators of labor shortages at the national level. Prior to JOLTS, there was no economic indicator of the unmet demand for labor with which to assess the presence or extent of labor shortages in the United States. The availability of unfilled jobs—the job openings rate—is an important measure of the tightness of job markets, parallel to existing measures of unemployment.ScopeData from a sample of approximately 21,000 U.S. business establishments are collected by the Bureau of Labor Statistics through JOLTS Data Collection Centers in Atlanta and Kansas City. The JOLTS survey covers all nonagricultural industries in the public and private sectors for the 50 States and the District of Columbia.Data ElementsJOLTS collects data on Total Employment, Job Openings, Hires, Quits, Layoffs & Discharges, and Other Separations. For more information on the JOLTS data elements, see the JOLTS data definitions page.Reference PeriodsTotal Employment - the pay period that includes the 12th of the month.Job Openings - the last business day of the month.Hires and Separations - the entire calendar month.

According to the most recent population forecasts for Switzerland (Bundesamt für Statistik 2015), the share of old-age dependants (older than 65 years) relative to the working age population (20-64) is going to increase from 29.1% in 2015 to 48.1% in 2045. In the same time span, total population is expected to grow from 8.3 million to 10.2 million while the potential workforce is growing from 4.8 million to 5.3 million. As a result, potential labour supply per capita is decreasing and at the same time the share of old-age dependants as well as the average age of the population are increasing rapidly. Among other problems, this is going to lead to significant distortions on labour markets; such as labour shortages or shifts in the structure of labour demand due to shifts in final goods demand. Furthermore, the current political climate in Switzerland tends towards restricting immigration. Since the Swiss economy already relies heavily on foreign workers, a restriction of immigration might aggravate the predicted labour supply shortages even further.

The goal of this research project is to evaluate the consequences of population ageing for the Swiss labour market. A special focus lies on the labour demand side, specifically on medium and long term sectoral and occupational shifts caused by a decrease in (skilled) labour supply and a change in consumer demand structure due to the demographic change. Moreover, the general equilibrium effects of different policy reforms will be evaluated and compared. To achieve this goal we construct a dynamic overlapping generations (OLG) computable general equilibrium (CGE) model of Switzerland and calibrate it with current Swiss data. Models of this type are the conventional approach to evaluating inter- and intra-generational effects of population ageing. However, only few studies focus on the labour market and even fewer emphasise the demand side. The evidence is particularly scarce for Switzerland, where only a handful of general equilibrium analyses relating to population ageing have been conducted.

In order to facilitate estimating realistic parameters of the model as well as calibrating the model to expected short and medium term industry-specific developments we conduct a customised firm level survey, which, on its own, already constitutes a significant contribution to the relevant literature. The finalised model does not only allow us to predict transitional and long-term effects of the demographic change on the economy and the industry structure. It also provides us with the ability to evaluate and compare different reform proposals, such as an increase in the retirement age, reforms of the pension and healthcare systems and different immigration scenarios. As such, we will be able to give recommendations for optimal policy choice and provide valuable inputs to the political debate.

Graph and download economic data for Job Openings: Total Nonfarm (JTSJOL) from Dec 2000 to Apr 2025 about job openings, vacancy, nonfarm, and USA.

Total Nonfarm Job Openings are a measure of all jobs that are not filled on the last business day of the month. A job is considered open if a specific position exists and there is work available for it, the job can be started within 30 days, and there is active recruiting for the position.

Total Nonfarm Job Openings are measured by the Job Openings and Labor Turnover Survey (JOLTS) and published by the Bureau of Labor Statistics (BLS). These data are a unique economic indicator of unmet demand for labor and labor shortages. Economists, government officials, and researchers use Job Openings as a measure of tightness within job markets.

Note that the set of available job openings may decline because openings become filled, or because previous openings are removed without filling positions.

For more information, see: U.S. Bureau of Labor Statistics, Job Openings and Labor Turnover Survey Overview Page (https://www.bls.gov/jlt/jltover.htm#purpose) U.S. Bureau of Labor Statistics, Data Definitions (https://www.bls.gov/jlt/jltdef.htm#2)

In 2019, a Statista study on labor shortages showed that in 2020, 16 percent of the North American workforce were working in low-skilled occupations, with this share decreasing to 15 percent by 2030.

Demobilization following the First World War saw millions of soldiers return to their home countries from the trenches, and in doing so, they brought with them another wave of the deadliest and far-reaching pandemic of all time. As the H1N1 influenza virus, known as the Spanish Flu, spread across the world and infected between one third and a quarter of the global population, it impacted all areas of society. One such impact was on workers' wages, as the labor shortage drove up the demand for skilled workers, which then increased wages. In the United States, wages had already increased due to the shortage of workers caused by the war, however the trend increased further in the two or three years after the war, despite the return of so many personnel from overseas.

In the first fifteen years of the twentieth century, wages across the shown industries had increased gradually and steadily in line with inflation, with the hourly wage in manufacturing increasing from roughly 15 cents per hour to 21 cents per hour in this period. Between 1915 and 1921 or 1921 however, the hourly rate more than doubled across most of these industries, with the hourly wage in manufacturing increasing from 21 cents per hour in 1915 to 56 cents per hour in 1920. Although manufacturing wages were the lowest among those shown here, the trend was similar across even the highest paying trades, with hourly wages in the building trade increasing from 57 cents per hour in 1915 to one dollar and eight cents in 1921. The averages of almost all these trades decreased again in 1922, before plateauing or increasing at a slower rate throughout the late 1920s. Other factors, such as the Wall Street Crash of 1929 and subsequent Great Depression, make comparing this data with wages in later decades more difficult, but it does give some insight into the economic effects of pandemics in history.

The United States Prefabricated Building market is forecasted to add more than USD 19 Billion from 2024 to 2029 due to rising construction demand, labor shortage, and sustainable b

Home healthcare products include: Medical Equipment: Wheelchairs, hospital beds, oxygen concentrators, ventilators, blood pressure monitors, nebulizers Consumables: Dressings, incontinence products, compression stockings, wound care supplies Pharmaceuticals: Injectable medications, antibiotics, pain relievers, respiratory medications Telehealth and Remote Monitoring Devices: Virtual visit platforms, wearable health trackers, smart home monitoring systems Recent developments include: November 2023:FutureFresenius continues to provide positive momentum: Fresenius delivers strong third-quarter performance and improves operating earnings outlook., January 2021:Abbott launches navitor™, its latest-generation transcatheter aortic valve implantation (tavi) system, to treat aortic stenosis in India.US Home Healthcare Market Segmentation. Key drivers for this market are: Increasing Prevalence of Chronic Diseases: The rise in conditions like cancer, diabetes, and heart disease drives the demand for home healthcare services. Aging Population: The increasing number of elderly individuals requires long-term care and support services.. Potential restraints include: Reimbursement Issues: Payors may limit coverage for home healthcare services. Skilled Labor Shortage: The industry faces a shortage of qualified healthcare professionals.. Notable trends are: Value-Based Care: Focus on improving patient outcomes and reducing costs through bundled payment models. Artificial Intelligence (AI): AI-powered technologies automate tasks, improve decision-making, and personalize care..

US Property Management Market size was valued at USD 24.8 Billion in 2024 and is projected to reach USD 42.1 Billion by 2032 growing at a CAGR of 6.8% from 2025 to 2032.

Key Challenges: Rising Property Maintenance Costs: According to the National Association of Realtors (NAR), the average annual maintenance cost of owning a house in the United States has risen by 20% in the past five years. This increase in maintenance costs may prevent property owners from investing in property management services because they will incur greater maintenance charges.

Labor Shortages in Property Management: According to the Bureau of Labor Statistics, the number of property managers in the United States will fall by 16% between 2020 and 2023 due to labour shortages. Also, the shortage of skilled property management personnel stifles industry expansion and raises operational costs for property management firms.

This November, the price for fresh whole body turkeys surpassed November 2020 figures by 9%, while frozen whole body turkeys jumped 20% y-o-y. A short supply of workers led to lower turkey output and higher prices on the backdrop of consistently strong consumer demand. Turkey imports to the U.S. maintained the previous year’s levels. Canada and Chile remain the only turkey suppliers to America. Unprecedented inflation rates have struck the entire food sector, in October 2021, price increases for meats, poultry, fish and eggs became the highest recorded in the past 30 years.

Graph and download economic data for Job Openings: Construction (JTS2300JOL) from Dec 2000 to Apr 2025 about job openings, vacancy, construction, and USA.

The United States home construction market, valued at approximately $700 billion in 2025, is experiencing robust growth, projected to maintain a compound annual growth rate (CAGR) exceeding 3% through 2033. This expansion is fueled by several key factors. Firstly, a persistent housing shortage, particularly in desirable urban areas like New York City, Los Angeles, and San Francisco, continues to drive demand. Secondly, favorable demographic trends, including millennial household formation and an increasing preference for homeownership, are bolstering the sector. Furthermore, low interest rates (though this is subject to change depending on economic conditions) have historically made mortgages more accessible, stimulating construction activity. However, the market isn't without its challenges. Rising material costs, labor shortages, and supply chain disruptions continue to exert upward pressure on construction prices, potentially impacting affordability and slowing growth in certain segments. The market is segmented by dwelling type (apartments & condominiums, villas, other), construction type (new construction, renovation), and geographic location, with significant activity concentrated in major metropolitan areas. The dominance of large national builders like D.R. Horton, Lennar Corp, and PulteGroup highlights the industry's consolidation trend, while the growth of multi-family construction reflects shifting urban preferences. Looking ahead, the market's trajectory will depend on macroeconomic factors, interest rate fluctuations, government policies impacting housing affordability, and the ability of the industry to address supply-chain and labor challenges. Innovation in construction technologies, sustainable building practices, and prefabricated homes are also emerging trends expected to significantly influence market dynamics over the forecast period. The competitive landscape is characterized by a mix of large publicly traded companies and smaller regional builders. While established players dominate the market share, opportunities exist for smaller firms specializing in niche markets, such as sustainable or luxury home construction, or those focused on specific geographic areas. The ongoing expansion of the market signifies significant potential for investment and growth, despite the hurdles currently impacting the sector. Addressing supply chain disruptions and labor shortages will be crucial for sustained growth. Continued demand in key urban centers and evolving consumer preferences toward specific dwelling types will be critical factors determining the market's future trajectory. Recent developments include: June 2022 - Pulte Homes - a national brand of PulteGroup, Inc. - announced the opening of its newest Boston-area community, Woodland Hill. Offering 46 new construction single-family homes in the charming town of Grafton, the community is conveniently located near schools, dining, and entertainment, with the Massachusetts Bay Transportation Authority commuter rail less than a mile away. The collection of home designs at Woodland Hill includes three two-story floor plans, ranging in size from 3,013 to 4,019 sq. ft. with four to six bedrooms, 2.5-3.5 baths, and 2-3 car garages. These spacious home designs feature flexible living spaces, plenty of natural light, gas fireplaces, and the signature Pulte Planning Center®, a unique multi-use workstation perfect for homework or a family office., December 2022 - D.R. Horton, Inc. announced the acquisition of Riggins Custom Homes, one of the largest builders in Northwest Arkansas. The homebuilding assets of Riggins Custom Homes and related entities (Riggins) acquired include approximately 3,000 lots, 170 homes in inventory, and 173 homes in the sales order backlog. For the trailing twelve months ended November 30, 2022, Riggins closed 153 homes (USD 48 million in revenue) with an average home size of approximately 1,925 square feet and an average sales price of USD 313,600. D.R. Horton expects to pay approximately USD 107 million in cash for the purchase, and the Company plans to combine the Riggins operations with the current D.R. Horton platform in Northwest Arkansas.. Notable trends are: High-interest Rates are Negatively Impacting the Market.

Over the past five years, hotel construction has navigated a highly dynamic environment marked by shifting travel habits, pandemic disruptions and rising competition from alternative lodging platforms. When travel restrictions eased, pent-up demand for both leisure and business trips initially revitalized renovation activity and selective new hotel projects, particularly in urban destinations and regions benefiting from major events. However, a series of challenges—including high interest rates, persistent labor shortages and softening demand due to rising consumer debt—constrained broader industry growth. Additional headwinds from tighter government travel budgets and a highly competitive landscape shaped by peer-to-peer rental services further impacted the hotel construction spending. As a result, industry revenue is expected to decline at a CAGR of 0.8% to $23.8 billion over the five years to 2025, despite an increase of 3.7% in 2025 alone. Profit has experienced a gradual improvement as hotel construction companies pivoted from lower-margin repair and maintenance work toward higher-value renovations and select ground-up projects. While rising material and labor costs presented ongoing hurdles, builders have increasingly focused on innovative, tech-enabled and flexible designs to capture premium contracts and distinguish themselves in a crowded market. The shift back toward larger renovation and new-build projects, paired with discipline in project selection and investments in sustainability, has provided a lift to profit, even though volatility in input costs and cautious lender activity kept pressures on the bottom line. Looking to the next five years, forecasts indicate a phase of moderate recovery and growth for hotel construction. Economic resilience, employment gains and potentially lower interest rates are expected to support new development. High-profile sporting and entertainment events such as the FIFA World Cup and the Summer Olympics are poised to spark a boom in event-driven travel, giving rise to construction opportunities in major markets and tourist corridors. Sustainability and digital innovation will further shape new projects, helping hotels remain competitive against emerging alternatives in the accommodation space. As a result, industry revenue is forecasted to grow at a CAGR of 2.6% to $27.0 billion over the next five years.

The North American transportation infrastructure construction market is experiencing robust growth, driven by increasing urbanization, aging infrastructure, and government initiatives focused on improving connectivity and sustainability. The market, valued at approximately $150 billion in 2025 (estimated based on a typical market size for a sector with this CAGR and value unit), is projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 5% from 2025 to 2033. This growth is fueled by substantial investments in road, rail, marine, and airway projects across the United States, Canada, and Mexico. Significant government spending on upgrading existing infrastructure and constructing new transportation networks, coupled with a growing demand for efficient and resilient transportation systems, are key drivers. Furthermore, the increasing adoption of sustainable construction practices and technological advancements in materials and construction techniques are contributing to market expansion. However, the market faces challenges. Supply chain disruptions, material cost fluctuations, and skilled labor shortages can impede project timelines and increase overall costs. Environmental regulations and permitting processes can also create delays. Despite these constraints, the long-term outlook for the North American transportation infrastructure construction market remains positive. The continued focus on economic development, population growth, and the urgent need for infrastructure modernization will ensure sustained demand for construction services in this sector. Major players like Bechtel, Kiewit, and others are well-positioned to capitalize on these opportunities, although competition is fierce. The market segmentation by transportation mode (roadways, railways, marine, airways) allows for targeted investment and specialization within the industry, further fostering growth and innovation. Recent developments include: August 2021: The Ministry of Transportation and Infrastructure announced a USD 837 million Trans-Canada highway widening project between Alberta and B.C. This project involves the construction of bridges and the widening of two lanes highways to four lanes, creating more than 1,200 direct jobs and 700 indirect jobs., February 2021: The United States and Canada planned to invest in transport infrastructure development to offer pipeline projects in the pre-construction or construction stages in the next five years.. Notable trends are: Increasing Infrastructure Activities in the United States.

This table contains 792 series, with data for years 1992 - 2008 (not all combinations necessarily have data for all years), and is no longer being released. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada), Manufacturers' opinions (21 items: Production difficulties, skilled labour shortage; Production difficulties, unskilled labour shortage; Production difficulties, raw material shortage; Production difficulties, working capital shortage; ...), North American Industry Classification System (NAICS) (22 items: Manufacturing; Food manufacturing; Beverage and tobacco product manufacturing; Textile mills; ...), Seasonal adjustment (2 items: Unadjusted; Seasonally adjusted).

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US Commercial Construction Market Size 2025-2029

The us commercial construction market size is forecast to increase by USD 191 billion at a CAGR of 2.7% between 2024 and 2029.

The Commercial Construction Market in the US is experiencing significant growth driven by the increasing trend towards sustainable building design and the emergence of smart cities. Green buildings, which incorporate energy-efficient designs and renewable energy sources, are gaining popularity due to their environmental benefits and cost savings over time. This trend is expected to continue, with the US Green Building Council reporting that nearly half of all new commercial construction projects in the US are now green certified. However, the market is not without challenges. One of the most pressing issues is the lack of skilled labor in the construction industry. According to the Associated General Contractors of America, over 80% of contractors report difficulty in filling hourly craft positions. This labor shortage is driving up costs and delaying project timelines, making effective workforce management a critical challenge for construction companies. To capitalize on the growth opportunities in the market, companies must focus on innovative solutions to address the labor shortage, such as training programs and partnerships with vocational schools. Additionally, leveraging technology, such as automation and modular construction, can help improve efficiency and reduce reliance on manual labor. Overall, the Commercial Construction Market in the US presents significant opportunities for companies that can effectively navigate these challenges and stay ahead of the trend towards sustainable and smart building design.

What will be the size of the US Commercial Construction Market during the forecast period?

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The commercial construction market in the US is experiencing significant dynamics and trends. Labor force shrinkage and escalating costs are major challenges for office building construction, repair and maintenance, water infrastructure projects, and mixed-use developments. Infrastructure development programs and urban regeneration are driving the need for energy-saving designs, outdoor leisure facilities, and renovation and retrofitting. Product lead times and fluctuating material prices add complexity to retail building projects in the non-residential building market. Labor shortages and rising building material prices are also impacting infrastructure projects and refurbishment and demolition activities. These factors necessitate innovative solutions and strategic planning for US businesses in the construction sector. Market research firms like FMI, Grand View Research, and Juniper Research provide valuable insights into these trends and dynamics.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. SectorPrivate constructionPublic constructionTypeBuildingOthersEnd-userOffice buildingsRetail spacesHotels and hospitalityHealthcare facilitiesOthersGeographyNorth AmericaUSEuropeMiddle East and AfricaAPACSouth AmericaRest of World (ROW)

By Sector Insights

The private construction segment is estimated to witness significant growth during the forecast period.

The commercial construction market in the US encompasses the development of various structures, including restaurants, grocery stores, shopping centers, office facilities, hospitals, and educational institutions. Notable projects, such as the El Paso VA Health Care Center in Fort Bliss, which had its groundbreaking on August 28, 2024, and Skymark Reston Town Center, the tallest residential tower in the Capital Region, which reached its topping out point in October 2023, contribute significantly to this sector's expansion. Infrastructure development programs, such as electric grid reconstruction and water infrastructure projects, are also driving the commercial construction market. For instance, the infrastructure bill, which includes funding for infrastructure projects, is expected to boost the market's growth. Additionally, the non-residential building market is experiencing a surge due to urban regeneration and renovation and retrofitting initiatives. However, the market faces challenges, including labor shortages, cost escalation, and fluctuating material prices. The construction industry's labor shortage is a significant concern, with an estimated 200,000 unfilled jobs in 2023. Furthermore, infrastructure projects often face delays due to labor shortages and rising material prices. The non-residential segment, including office buildings and retail buildings, is experiencing increased demand due to the shift towards energy-saving designs and the need for better communic

Graph and download economic data for All Employees, Nursing and Residential Care Facilities (CEU6562300001) from Jan 1990 to May 2025 about nursing homes, nursing, health, establishment survey, residential, education, services, employment, and USA.