SMACNA’s Annual Industry Labor Report is Now Available
SMACNA’s 2024 Annual Industry Labor Report has been released and is available for all SMACNA Members to view.
This report includes data from 28 local areas and finds that there was a 6.3 percent increase in work hours reported. The Southern region saw the largest percentage of increased hours reported followed by a modest increase in the Western and Midwestern regions. The Northeastern region saw a decline in work-hours reported.
Going into 2024, overall man-hours are predicted to increase by an average of 9.47% when compared to 2023 hours. Of the areas responding to the survey, 21% are projecting stable man-hours in 2024.
While the Western region is projecting a 19.8 percent increase of work-hours, the Northeast region is projecting a 2.9% increase in work-hours. The region with the largest projected decline is in the Midwestern region which is projecting an 11% decrease in work-hours. Declines of 4.3 percent are expected in the South.
Click here to access the report: 2024 Annual Labor Report
Mar 13, 2024 — Member Update
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