Guckes: Construction wage growth retakes title for fastest rising cost

Hourly construction wage data recorded a 5.8% annual gain in December 2022, according to the Bureau of Labor Statistics. Compared to just one month ago, hourly wages rose by 0.42%. In dollar-per-hour terms.

These increases represent annual and monthly per-hour gains of $1.80, and $0.15, respectively.

These latest readings once again put wage inflation ahead of materials inflation which fell year-on-year to a recent low of 3.3% after increasing briefly by more than 30% YoY in 2021. 

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https://www.constructconnect.com/construction-economic-news/construction-wage-growth-retakes-title-for-fastest-rising-cost