High employment need and a shortage of experienced workers are contributing factors toward an increase in construction worker pay.
In July, construction workers added 14,000 workers throughout the US. The construction industry pay rose at the fastest rate in seven years to attract workers. Construction employment totaled 6.652 million in July - up 215,000 jobs compared to a year ago. Residential construction employment rose by 700 in July and non-residential construction employment increased by 13,400 jobs in July.
Over the past year, hourly earnings rose 3% since last year. The average construction worker wage is now $28.20 an hour. In addition, the pool of unemployed construction workers is at the lowest level since 2000.
You Might Also Like...