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3 US cities with the biggest increases in construction costs

August 10, 2022

Employment data confirms the shortage of workers in construction “is at a critical point,” Anderson wrote. The number of job openings remains high, while the number of unemployed construction workers has dwindled; the pool of skilled, experienced workers in the industry looking for jobs is small.

“Given this situation, industry analysts are attributing the slowing growth almost solely to the workforce shortage,” Anderson said.

Nevertheless, 36,000 new employees joined the workforce in May, but that only filled 7% of positions. RLB expects the Infrastructure Investment and Jobs Act to create 900,000 jobs, with more than half of those in construction.

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