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Construction Pay Rises at Fastest Rate in Nearly a Decade as Contractors Struggle to Recruit Workers

November 06, 2018 / Boston Real Estate Times

Construction employment increased by 30,000 jobs in October and by 330,000 jobs over the past year, topping 7.3 million for the first time since April 2008, while the industry’s average pay jumped and unemployment decreased to a historic low, according to an analysis of new government data by the Associated General Contractors of America. Despite the steep gains in employment and pay, a recent survey by the association finds contractors continue to struggle to find qualified workers.