Report includes worker pay by trade and by metro area.
Rising Worker Expectations
From Dec 2022 to Mar 2023, data suggests no additional increase in avg craft wages despite an 8% increase in desired wages over the same period.
Wage Inflation vs. CPI
Skillit thinks it possible that construction wage inflation will outpace CPI (now around 5%) for at least the near future.
Florida, Texas & Active Southern Metros
The analysis shows that as compared to Texas, as well as smaller states like North Carolina, Arizona and Tennessee, Florida metro areas tend to have larger gaps between desired and current worker pay.
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About the Skillit Craft Intelligence Report
The Skillit Craft Intelligence Report is produced on a quarterly basis, leveraging data from its customers, skilled worker network, recruitment technology database and construction industry trends. It is intended to give builders increased confidence in their recruitment strategies and market positioning. Each quarter, the report features the most interesting and useful insights uncovered over the previous quarter. Skillit utilizes its proprietary worker data including variables such as trades, skills, experience, actual and desired pay, travel preferences and more.