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McKinsey: US faces skilled labor shortage in construction, manufacturing and other trades, as demand for these jobs is expected to rise over next decade, driven by infrastructure needs, boom in real estate redevelopment and renewable energy investments

In October 2023, 61.4% of 2023 high school graduates ages 16 to 24 were enrolled in colleges or universities; among 20- to 29-year-olds with bachelor's degrees in 2023, 70.2% were employed: Dept. of Labor

US construction employment in March increased in 36 states and DC, declined in 13 states, and was unchanged in Rhode Island; California added the most construction employees year-over-year, while New York lost the most construction jobs: AGC of America

US unemployment rates in March were higher in 1 state, lower in 6 states and stable in 43 states and DC; national unemployment rate changed little at 3.8%, but was 0.3% higher than in March 2023: BLS

2024 KPMG US CEO Outlook Pulse Survey highlights challenges, opportunities in driving business growth with a lens into managing ‘compound volatility’; topics include US economy, AI, M&A activity, labor market and workplace initiatives, ESG initiatives

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