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Construction’s hourly wages 10% higher than private sector’s

A dearth of skilled labor has caused U.S. companies to continue to increase pay as they work to attract new hires in what AGC CEO Stephen E. Sandherr said in a statement is “one of the tightest labor markets” that contractors have ever experienced. 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.

Another government series showed that the number of job openings in construction, last reported for May, totaled 360,000, the highest May total in the 19-year history of the series.

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