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U.S. Construction Wages Rise 4.5% Amid Job Openings Decline

5/6/2025

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Summary

Story summary

U.S. residential building workers experienced wage growth of 4.5% in March 2025, averaging $38.76/hour.
This slowdown follows a peak of 9.3% in June 2024, attributed to easing labor shortages and lower demand.
Wages in construction remain competitive, exceeding manufacturing by 10.2% and warehousing by 24%.
Job openings in construction declined as employers scaled back hiring due to economic uncertainty.

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Story summary

U.S. residential building workers experienced wage growth of 4.5% in March 2025, averaging $38.76/hour.
This slowdown follows a peak of 9.3% in June 2024, attributed to easing labor shortages and lower demand.
Wages in construction remain competitive, exceeding manufacturing by 10.2% and warehousing by 24%.
Job openings in construction declined as employers scaled back hiring due to economic uncertainty.