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Stock impact report

America's ‘silent army' of skilled tradespeople are retiring with no one to replace them—and the price tag could hit $1 trillion a year [Fortune]

Stanley Black & Decker, Inc. (SWK) 
Last stanley black & decker, inc. earnings: 4/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: stanleyblackanddecker.com
Company Research Source: Fortune
Recommended Video By 2030, an estimated 2.1 million skilled trades jobs in the U.S. could go unfilled, with potential economic losses reaching $1 trillion annually, according to U.S. Department of Education estimates cited in a new report from JLL shared exclusively with Fortune The commercial real estate giant calls the electricians, HVAC technicians, plumbers, pipefitters, and maintenance workers who maintain the country's built environment a “silent army”—a workforce that is aging out of the industry faster than it can be replaced. “The silent army, as we normally call them, because they are hidden, invariably, behind the scenes, has been getting harder and harder not only to find, but retain in the industry,” Paul Morgan , JLL's global COO of real estate management services, told Fortune . Plus, “you've got this impending retirement wave that has really been driving the industry a long period of time, and a lack of new entrants.” Morgan is referring to the fact that milli Show less Read more
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