What's Happening?
Organizations are launching programs to expand access to skilled trades as the federal government predicts above-average growth in these jobs over the next decade. The Bureau of Labor Statistics (BLS) Occupational Outlook Handbook indicates that the need for HVAC-R mechanics and installers is expected to grow by 8%, adding about 40,100 openings per year through 2034. Electrician employment is projected to grow by 9%, with approximately 81,000 openings annually. The demand for plumbers, pipefitters, steamfitters, and general maintenance and repair workers is expected to increase by 4% over the next decade. Private-sector initiatives are investing in programs to help workers pursue skilled trades, such as Schneider Electric's $100,000 investment in The SkillPointe Foundation and The Home Depot Foundation's $10 million investment to broaden access to skilled trades training.
Why It's Important?
The expansion of skilled trades initiatives is crucial as it addresses the growing demand for workers in these fields, which are essential for maintaining and developing infrastructure. The projected growth in employment opportunities for HVAC, electrical, and plumbing workers highlights the need for a skilled workforce to support economic development. These initiatives provide life-changing opportunities for individuals and contribute to community development across America. However, despite the increasing number of jobs, a Harris poll found that only a fraction of young workers express interest in pursuing careers in these fields, indicating a potential gap in workforce supply and demand.
What's Next?
The initiatives aim to introduce more young people to career opportunities in the construction trades through partnerships like the Home Depot Foundation's Path to Pro program with Boys & Girls Clubs of America. This two-year pilot in Atlanta, Phoenix, and Houston will introduce over 1,000 children and teens to careers in carpentry, electrical, HVAC, and plumbing. Additionally, grants will support veterans enrolling in accredited trade schools. The Business Roundtable workforce initiative, led by CEOs of Carrier and Lowe's, will focus on trades in industrial and manufacturing, construction and building, maintenance and repair, and energy.
Beyond the Headlines
The skilled trades initiatives not only address immediate workforce needs but also have long-term implications for economic stability and growth. By investing in training and education, these programs help bridge the gap between job availability and workforce readiness, potentially reducing unemployment rates and fostering a more resilient economy. Moreover, these efforts may shift cultural perceptions of skilled trades, encouraging more young people to consider these careers as viable and rewarding options.
