Home Depot Foundation Donates $50M To Alleviate Construction Labor Shortage

In the face of an ongoing shortage of skilled construction workers, The Home Depot Foundation has committed $50 million over the next 10 years to fund the training of 20,000 additional tradespeople.

A shortage of skilled labor in the building industry “has been the top business challenge for the last three years and will likely continue to be so,” said Robert Dietz, chief economist for the National Association of Home Builders, in an interview with Builder magazine in February.

According to the Bureau of Labor Statistics, overall employment of construction laborers and helpers is projected to grow 12% from 2016 to 2026, faster than the average for all occupations. “Because of the large size of these combined occupations and their relatively high turnover, job prospects should be favorable,” according to the bureau’s Occupational Outlook…