Narrow by location

Skilled Wage Growth to Accelerate in 2019 and 2020


By Joanna Masterson, Construction Executive

Reposted with permission from, November 4, 2018, all rights reserved. Copyright 2018.  -web articles

IHS Markit reports construction industry wages, which averaged 3.2 percent growth in 2018, will continue to move closer to the 4 percent growth mark in the next three years. Lower-skilled workers will experience the strongest growth due in part to minimum wage increases on both coasts.

From a regional perspective, the West Coast boasts the nation’s fastest employment growth, averaging 5 percent annually through 2020 (i.e., 56,000 more construction workers per year). Skilled wage gains will average 3.3 percent between 2018 and 2020 led by welders, electricians, pipefitters and boilermakers.

IHS Markit predicts New England, the Gulf Coast, the Midwest and the Southeast will have skilled wage growth in the range of 3 percent to 3.3 percent during the next two years.

Overall construction employment growth in the Mid-Atlantic region will trail behind most of the country, averaging 2.8 percent through 2020.

Architecture Billings Index backslides in March

Following consistently increasing demand for design services for over two years, the Architecture Billings Index (ABI) dipped into... »

Economic Momentum and a Hiatus on Interest Rate Hikes Bolster Real Estate Activity

Reposted with permission from, April 8, 2019, all rights reserved. Copyright 2019. Though the U.S. economy has managed... »

Construction Industry Continues to See Benefits of Tax Reform

Reposted with permission from, March 26, 2019, all rights reserved. Copyright 2019. It has been more than a... »

2019 Economic Outlook Forecasts 4.5% Expansion In Equipment and Software Investment and 2.2% GDP Growth

After two consecutive solid years, equipment and software investment growth is likely to slow in 2019 to 4.5... »


Your email address will not be published. Required fields are marked *