Construction Industry Pay Trends
Updated April 5, 2012
2012: In Q1 2012, construction earnings built upon the previous quarter’s growth, rising almost 2 percent from a year earlier. Even though wage trends for the construction industry lag far behind national averages, this positive growth in Q1 2012 is a move in the right direction.
2007-2011: The "Great Recession" could be called the “Construction Recession.” Even though the recession started in Q4 2007, construction wages rose at that time, following national trends through 2008. However, they then dipped more than 2 percent between Q4 2008 and Q4 2009. 2010 was a disappointment for people in the construction industry with continued declines in wages throughout the year that were, by far, the worst of any industry tracked by The PayScale Index.
Fortunately, wages for construction workers grew in the second half of 2011, ending up about half a percent for the year.