safe environment for an older workforce. Construction workforce The construction industry has what is considered an ageing workforce: the number of employees above 60 is increasing more than any other age group. This has been acknowledged by this survey, with 39% of respondents stating that the number of workers above 60 was increasing.
Four years ago, the U.S. construction workforce finally crested: NAHB. workers ( 42) was older than the average age of the overall workforce (41).. Driving the increase in median age are those who survived slower times.
States with the highest median age of 45 are Maine, New Hampshire and Connecticut, while the youngest median ages are in Utah (36) and North Dakota (38).
The largest increase was between 2002 and 2008 at 2.42 percentage points. By comparison, between 1966 and 2013, overall Hispanic participation rates in the workforce increased from 2.5 percent to 13.9 percent (2013 EEO-1 Indicators report). In 2013, the United states’ 54 million hispanics made up roughly 17 percent of the population.
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The median age of construction workers is 42, a year older than a typical worker in the national labor force. The aging construction workforce, coupled with the ongoing skilled labor shortage, provides a major challenge to those in the industry.
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· PayScale breaks down the median pay by age and gender for full-time workers with a Bachelor’s degree so you can find out when in your lifetime you could make the most money.
The median age of immigrants participating in the US labor force outside of construction is 42. Immigrants who arrived to the US since 2000 and joined the construction labor force are even younger with half of them under the age of 32 while the median age of newly arrived immigrants in the labor force outside of construction is 34.
· A Well-Educated Workforce Is Key to State Prosperity Report. states with larger increases in productivity experienced larger increases in median worker compensation.. concentration of profits and wage growth at the top is behind the growing “wedge” between productivity growth and median wages in the United States (Mishel et al. 2012)..
Median Age of US Construction Workforce Increases to 42 From For Construction Pros: National Association of Home Builders (NAHB) analysis of the most. posted 2 weeks ago