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Construction Wages Grow at Fastest Rate in Decades Despite Recession Threat

October 12, 2022

Via: ENR
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Contractors are continuing to hire as they operate at capacity, but a potential recession could impact the economy next year, said Anirban Basu, chief economist for Associated Builders and Contractors.

“I think we’re headed for recession in 2023, and I do not believe it will be a mild one,” he said while presenting a quarterly construction economic update and forecast webinar Oct. 12.

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