The U.S. Chamber of Commerce recently reported that between January and September 2023, the mining sector hired the fewest workers of any sector of the economy: https://lnkd.in/dA_9vbrU Why is this the case? ⛏️ The current workforce is continuing to age-out and retire ⛏️ The pool of candidates to replace retiring workers is shrinking We're increasingly hearing from our partners and customers that: 🗨️ The labor shortage is the most critical challenge the industry is facing 🗨️ It's getting worse while the transition to a carbon neutral economy is placing unprecedented demands on operators 🗨️ Autonomous technologies are going to be essential to meeting the world's demand for critical minerals going forward
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US oil patch labor trends are on the rise, and has not only rebounded significantly, but exceeded pre-Covid levels, according to a recent report. Despite some softening in the industry, oilfield labor output has been on a sharp year-on-year increase, signifying the resilience of this sector. Check out this article to learn more!
Strategists Look at USA Oil Patch Labor Trends
rigzone.com
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The U.S. economy added about 353,000 jobs in January as the unemployment rate held steady at 3.7% for a third straight month and has remained below 4% for two years. Manufacturing added 23,000 jobs last month after holding steady for much of 2023. At the same time, construction jobs showed little movement in January, as did the transportation and warehousing industry. Mining, quarrying, and oil and gas extraction jobs fell by 5,000 in January after remaining flat last year. #Jobs #Economy #Construction #Manufacturing #Unemployment
The Employment Situation - January 2024
bls.gov
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❓Did you know? A recent survey revealed that a staggering 56% of manufacturing employees plan to leave their current jobs within the year. This trend highlights a critical challenge for the heavy industry in retaining a quality workforce. 🔍 Dive deeper into this issue and explore potential solutions in the insightful blog. Read it now! https://lnkd.in/gcmhp6DY #HeavyIndustry #LaborChallenges #ManufacturingTrends #WorkforceRetention
2024 Outlook: Can Heavy Industry Overcome Its Labor Challenges?
blog.managementcontrols.com
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Job postings for manufacturing roles are up 46% - proving time and time again that these jobs just aren't going anywhere. In a time of increased hiring, having effective onboarding strategies are key to getting workers ramped up to be integral members of your productive team. Wages continue to grow - in mining and logging, wages grew by 4.2% over 2023. Your workers are your most valuable asset: invest in their training to ensure that they continue to stick around. There's significant evidence that employee satisfaction and loyalty is closer tied to professional development opportunities than compensation. Prioritize your skilled workforce this year. 💪 Check out our guide on workplace readiness to get started ➡ https://lnkd.in/gxgP67xD
Blue-collar hiring and pay gains stay hot in a cooling job market
nbcnews.com
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The US has over 4.5 million more jobs today than before the pandemic. Three industries have fewer workers today than pre-pandemic: leisure and hospitality, mining and logging, and other services. Professional and business services added the most jobs of any industry (+1,590,000). This industry includes organizations like accounting, legal, engineering, consulting, travel, and security services. Transportation and warehousing grew at the fastest rate (+16%). This industry includes organizations like air, rail, and truck transportation and distribution and warehousing services. Over the past three years, a strong labor market resulted in a reshuffle of the workforce. Plenty of job opportunities meant more leverage for workers moving from low-paying industries to industries that offer better pay and working conditions. #labormarket #economy #economicoutlook #economicrecovery #recession #hiringtrends #bls #jobsreport #HRData
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Q1-2024 KS Employment Impact Analysis is out…. updates include: ✨ Employee & business insights ✨ KS business resources ✨ Staffing industry indicators
We're excited to finally share the major updates we've made to our quarterly Employment Impact Analysis for 2024. Updates like: ✨ Including all KS Counties ✨ The latest employee and business insights ✨ Kansas-specific business resources ✨ Staffing Industry Indicators Get your copy (free) of our most popular business resource now ⤵️ #kansas #kansasemployment #ksemploymentimpact #businessresources #ksemployers
Kansas Employment Impact Analysis: Q1 2024
the-arnold-group.com
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We're excited to finally share the major updates we've made to our quarterly Employment Impact Analysis for 2024. Updates like: ✨ Including all KS Counties ✨ The latest employee and business insights ✨ Kansas-specific business resources ✨ Staffing Industry Indicators Get your copy (free) of our most popular business resource now ⤵️ #kansas #kansasemployment #ksemploymentimpact #businessresources #ksemployers
Kansas Employment Impact Analysis: Q1 2024
the-arnold-group.com
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Senior Manager - Resources and Mining EAST | Management, Technical Recruiting, Consulting, Leadership and Strategy
This is your invitation to gain exclusive market-leading insights from industry experts to realise the opportunity of this market by unlocking the potential of the workforce in Resources & Mining. Join Hays CEO APAC, Matthew Dickason, Oxford Economics Director, Kristian Kolding and Founder and CEO mwah, Rhonda Brighton-Hall as they explore: - The data from Hays’ largest ever salary survey with more than 15,000 respondents. - Salaries, benefits and recruitment trends in the Resources & Mining industry - The key to attracting and retaining top talent. - What strategies to use to increase productivity. - The one thing all organisations in Resources & Mining should prepare their workforce for. Register today and secure your spot. AU: https://lnkd.in/dDpxWk6r NZ: https://lnkd.in/d2HJDDDZ Digital event Date: Wednesday 12 June 2024 Time: 1:00pm AEST | 3:00pm NZST #SalaryGuide #Hays #Event
Salary Guide Exclusive digital event
hays.com.au
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Last week’s JOLTS report offers new insights into the state of the broader US job market and ongoing trends in manufacturing and construction. While job openings and hiring remained steady overall, the hiring crunch for skilled labor in manufacturing and construction persists. This is a serious challenge but also an incredible opportunity. Based on our recent research, Erik Schaefer, Ezra Greenberg, and I anticipate that annual hiring for this crucial talent group will be 20x the annual increase in net new jobs and cost companies more than $5.3 billion in talent acquisition and training costs alone. To help employers reimagine how they invest in human capital, plug leaks in the talent pipeline, and boost productivity in the near term, we’ve identifed actions they can take—from the inside out and the outside in. Read our article to learn more: https://mck.co/4cSpp8k #Talent #Workforce #SkilledTrades
Tradespeople wanted: The need for critical trade skills in the US
mckinsey.com
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