Wednesday, April 16, 2008

Construction Wages Up 4% in March

Weekly wages for construction workers increased an average of 4.2% in March compared to the same month last year to $828.36, or roughly $43,000 per year. Hourly construction wages were up 4.4% to an average $21.46, according to the most recent figures from the Bureau of Labor Statistics.
For all workers, weekly wages were up 4.6% in March to an average $607.49, or just under $32,000 per year.Hourly wages averaged $17.92, a 3.9% increase from March, 2007.
However, the BLS also announced that the Consumer Price Index has risen 4.0% between March, 2007 and March, 2008, led by a 17% increase in energy. Energy costs increased 8.6% just over the past three months, further pointing why "green" design will be on the minds of many consumers.

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