Construction Worker Pay Sees Highest Growth Rate in 40 Years

The construction industry overall added 60,000 jobs in February, and wages for nonsupervisory positions saw the fastest rate of growth in 40 years, according to the US Bureau of Labor Statistics.

“Average hourly earnings in construction are up 6% on a year-over-year basis in February, the fastest pace since 1982,” Odeta Kushi, First American’s deputy chief economist, told Insider. “Attract and retain more builders and there will be more ground-breaking on new homes.”

For access to full article: https://www.msn.com/en-US/news/realestate/construction-worker-pay-grew-at-the-fastest-rate-in-40-years-as-builders-are-desperate-to-keep-up-with-the-real-estate-boom/ar-AAUCDfv?ocid=BingNewsSearch

Reach out to Cornerstone Recruiting to find a construction job near you or check our open positions!

SUBMIT NOW: Women In Construction Week- March 6th-12th

Last year, Construction Dive spotlighted dozens of the industry’s top female leaders in our Construction Champions series, selected from over 800 reader nominations. With this year’s Women in Construction Week coming up March 6 to 12, we’re looking for a new set of leaders to highlight.  

We need your help identifying the women who are working to shape the commercial construction industry. Please nominate yourself or a colleague to be considered for this year’s coverage of women role models. Categories include Rising Stars, Mentors, Tradeswomen and others. In the form below you will be asked to provide thorough information about your nominee in a short essay.

Nominees selected by a panel of editors will receive a mention in the Construction Dive newsletter and on its website during Women in Construction Week. 

Fill out the short survey below and let us know about the accomplishments and talents of construction’s female standouts. Repeat entries from last year’s call for entries will be accepted. 

This call for nominations will end on Feb. 11.

CLICK HERE FOR THE FULL LINK AND ENTRY FORM SUBMISSION: https://www.constructiondive.com/news/call-for-entries-constructions-top-female-leaders/616750/

Challenges Remain For The 2022 Construction/Skilled Trades Labor Market

Yes, It’s a drum we will continue to keep pounding. Although the construction industry fared relatively well through the pandemic, the skilled trades labor market, like many industries is still struggling to keep up with demand. It’s a problem particularly in the skilled trades industry as most data shows for every 5 workers leaving the industry, they are being replaced by only 1. It’s a critical issue as we look at both near term and long term projections and it needs to be addressed. This article breaks down some of the main issues, as well as some what some companies are finding to be solutions for them.

Give it a read! https://www.forbes.com/sites/jennifercastenson/2021/12/13/despite-challenges-construction-labor-market-shows-promise-in-2022/?sh=2ab7f04510d1

Take a look at our openings here: https://csrecruiting.com/open-positions/

When Is The Best Time Of Year To Apply For A Job?

“January and February is the best time of year to look for a job. Hiring managers have received new hiring budgets for the year, the majority of workers are back from holiday vacation, and companies also often have a backlog of hiring that they have been meaning to do but had paused during the holiday season. For these reasons, January and February are excellent months to look for jobs.”

We have seen this year over year, going on 20 years. January and February in most industries are some of the busiest interviewing months. If you want to get ahead of the game and get first crack and many of the new openings that arise in January and February- reach out to one of our recruiters, check our job postings, and get seen immediately by visiting our website: http://www.csrecruiting.com

To read the entire article; click here: https://careersidekick.com/the-two-best-and-worst-times-of-the-year-for-job-hunting/

Combating The Skilled Trades Stigma

Cornerstone Recruiting was founded in 2004 on this ideology. As the American media force fed young American’s the college dream- college costs simultaneously rapidly increased. Student debt, in turn, rapidly increased. We are left with a generation of debt strapped American’s with few practical skills for today’s work force and a very expensive piece of paper. We know and agree that education is the foundation on which we build the future, but for a large swatch of the population…college costs have now begun to outweigh the benefit for many paths chosen. We work every day to eliminate the skilled trades stigma that was forced onto a generation of young Americans. This 20 minute video is well worth a watch.

https://www.prageru.com/video/trading-up-our-case-for-trade-schools?fbclid=IwAR0i2JKh6FQ58zlXDoo5ky1H_bsHFEPYXmojAx0ngq_VZUdfF7hmkWkUwWU

IRS Adjusts 2022 Tax Items Due To Inflation

WASHINGTON — The Internal Revenue Service today announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.

The tax year 2022 adjustments described below generally apply to tax returns filed in 2023.

The tax items for tax year 2022 of greatest interest to most taxpayers include the following dollar amounts:

  • The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900 up $800 from the prior year. For single taxpayers and married individuals filing separately, the standard deduction rises to $12,950 for 2022, up $400, and for heads of households, the standard deduction will be $19,400 for tax year 2022, up $600.

To read the full items that will be affected, please follow this link to the article: https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2022

$1.2 Trillion Infrastructure Bill Heading to POTUS Desk

In a tightly contested vote in the House of Representatives, 228-206, the long awaited Infrastructure Bill has been passed and will head to Biden’s desk to be signed into law. The full infrastructure package will fund a range of major civil projects across the country which is sure to be a boon for the construction industry. This bill will be the largest federally funded new investment in our country’s infrastructure in a generation. More than $550 Billion is earmarked for civil works spending to include; roads, bridges, airports and rail systems and will bring these critical systems up to date with modern technology.

To read the full article please click here: https://www.constructiondive.com/news/iija-12-trillion-infrastructure-construction-bill-pass-congress-to-biden/609641/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202021-11-08%20Construction%20Dive%20Newsletter%20%5Bissue:37862%5D&utm_term=Construction%20Dive

For the latest construction positions across the country, please visit our website http://www.csrecruiting.com

The Great Resignation- Is It Real?

As companies continue to talk about getting their employees back to work…the opposite is actually happening. It is estimated that 55% of Americans are looking to resign from their current position, citing a reprioritization of their values and views of the workplace. This may be a good thing for the jobseeker, as data from the Bureau of Labor Statistics confirms that job openings have surged to an all time high. We are seeing companies adjust policies to lure these jobseekers, offering more flexibility, remote options, and raising wages to fill their openings.

For more data and trends, follow this link for the full article: https://www.cnbc.com/2021/08/25/great-resignation-55-percent-are-looking-to-change-jobs-over-the-next-year-.html

Surveys Show Job Options May Become Limited For The Unvaccinated

A new survey from ResumeBuilder.com finds more than two-thirds of hiring managers say they are more likely to hire someone who has been vaccinated against COVID-19 — and about a third say they will automatically toss out resumes that don’t include an applicant’s vaccination status.

Overall, about 33% of hiring managers said they will eliminate applicants who don’t include a vaccination status when submitting a resume. Another 32% of hiring managers said they won’t automatically toss resumes without a status listed but said vaccinated applicants are given priority. Another 35% of hiring managers said they don’t automatically eliminate resumes without a vaccination status.”

To read the full details on the survey, click here: https://wtop.com/business-finance/2021/09/covid-19-vax-status-on-resumes-some-hiring-managers-say-they-toss-resumes-that-dont-have-it/

Millions Lose Unemployment Benefits As Support Programs Expire

Many of the Biden Administration’s economic relief programs expire Monday September 7th, 2021, leaving only a few support programs to aid the jobless. It has been estimated that as many as 8.9MM Americans will lose all or a large portion of their economic aid, which should certainly help boost participation in the work force.

For the entire article please click this link: https://apnews.com/article/business-health-coronavirus-pandemic-d26b7c5ecd26f732283c7f23f1956e32

If you are looking for a new opportunity in the construction, engineering, property management or skilled trades industries- check out jobs available in your area here: http://www.csrecruiting.com