This informative article, “Construction’s hourly wages 10% higher than private sector’s,” by Jenn Goodman, shares with us how a dearth of skilled labor has caused U.S. companies to continue to increase pay as they work to attract new hires. Construction employment increased by 3.2 percent over the past 12 months, while the number of unemployed job seekers with construction experience fell, according to the Bureau of Labor Statistics. Industry firms are using creative tactics to keep employees happy, such as profit sharing and training opportunities.
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