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AGC Releases Survey Results

Reuters has reported that the new AGC survey released yesterday pointed to the increasing shortages in the skilled workforce that we have been reporting for the last four years.

The Reuters article describes not only the recruitment issues for new skilled workers, but the increasing difficulty of retaining those who have the skills needed to keep up with the demand as the economy continues its recovery.  The article quotes AGC Chief Executive Officer Stephen Sander who said that “competition for the available construction workers was heating up. The survey found that 52 percent of firms reported losing workers to other construction companies.  As a result, companies are raising wages and improving benefits to retain workers.”

The AGC survey shows that those skilled workers who left during the recession have found new positions, and the expansion of the domestic oil and gas industry has created new markets for those workers.

We will report more on Ken Simonson’s comments on the survey following his presentation in Houston tomorrow.

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