Construction contractors are among the fastest-growing occupations in the United States, but they’re struggling to find work in the field, with only 20% of workers making a salary that is at least $100,000, according to a new report.
While the boom in the construction industry has boosted wages, it has also led to some high turnover and lower job satisfaction.
While there is a growing body of research showing the industry has a positive effect on employment, it also raises the risk of contracting a medical condition.
In an effort to better understand the growing shortage of construction jobs, The Hill reviewed data from the Federal Reserve Bank of New York.
The study, called The Construction Industry Job Trends in the US, looked at all occupations that had at least 100 workers in 2010.
The report looked at occupations with at least 25 workers and those with at most 50 workers, as well as those with fewer than five workers.
The median annual salary for a construction contractor was $100.76, according the report.
The median salary for all workers in construction is $67,948, the report said.
Construction supervisors made up about 3.9% of all construction workers, with a median annual wage of $62,837.
The number of construction supervisors is down from 2.8% in 2008, according an analysis of data from NERA.
The average worker was hired in 2016 for a median salary of $68,814, which was a 9.9-percent increase from 2015.
The construction industry’s overall unemployment rate, at 4.4%, was higher than the national average of 4.1%, according to the Labor Department.
In 2017, the construction jobs lost jobs in both construction and other occupations.
In the construction sector, the number of job losses decreased to 1,829, or about 3%, from 1,988, or more than 20%, in 2016.
The construction industry employs about 1.3 million people, according a report by the Institute for Supply Management, which found that there are about 3 million construction jobs nationwide.