Full Citation
Title: Employment Costs in Construction
Citation Type: Miscellaneous
Publication Year: 2023
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Abstract: Employment costs are important to both construction employers and employees, providing a key way to monitor the health of the labor market. Particularly with current labor shortages, understanding compensation in construction, including historical trends, may also guide future wage and benefit decisions and help attract and retain more workers. This Data Bulletin examines employment costs in the construction industry through four different pay measures: the Employment Cost Index, compensation costs, average hourly earnings (AHE), and average hourly wage (AHW). Data are from a variety of sources, including 1) the U.S. Bureau of Labor Statistics (BLS) National Compensation Survey, 2) BLS Current Employment Statistics, 3) BLS Current Population Survey, and 4) BLS Occupational Employment and Wage Statistics. All data sources present national trends and do not account for regional or state differences. Each data source offers a slightly different pay measure (e.g., compensation, wages) for different populations; the definitions section at the end of this report provides more information on each source. Charts 2 and 4 through 7 use the Consumer Price Index (CPI) to adjust for inflation to 2022 dollars; all other charts show 2022 dollars.
User Submitted?: No
Authors: Harris, William; Brooke Trueblood, Amber; Yohannes, Thomas
Publisher: CPWR
Data Collections: IPUMS CPS
Topics: Labor Force and Occupational Structure
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