Approximately 70% of the construction industry is experiencing “labor shortages,” with a slight increase from the previous survey and no signs of improvement observed.

On February 26, 2024, Teikoku Databank released the results of a survey on corporate trends regarding labor shortages (as of January 2024). In the construction industry, where concerns about the so-called “2024 Problem” are looming, approximately 70% (69.2%) of companies feel a shortage, representing an increase of 3.6 percentage points from the previous survey conducted in January 2023.

source: Teikoku Databank Press Release

According to the survey, companies across all industries feeling a shortage of regular employees accounted for 52.6%, representing a 0.9 percentage point increase compared to the same month of the previous year. This level was the second highest on record for January, following the peak in 2019 (53.0%).

source: Teikoku Databank Press Release

When looking at the shortage of regular employees by industry, the highest rate was in the “Information Services” sector, mainly comprising IT companies, reaching a record high of 77.0%. The construction industry has been on an increasing trend since 2000, with no signs of improvement noted.

In the construction industry, there are concerns about the worsening labor shortage and the resulting stagnation in functionality, particularly in response to the “2024 Problem.” With the implementation of overtime limits starting in April 2024, it is expected that the labor shortage will worsen further. However, it has already been revealed that nearly 70% of companies are experiencing labor shortages.

source: Teikoku Databank Press Release

Source: Building x IT

https://built.itmedia.co.jp/bt/articles/2403/05/news074.html

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