Construction industry sees employment jump 7% in 2015

Average wages also rose by 3%: NY Building Congress

New York /
Jun.June 28, 2016 09:09 AM

New York City’s construction industry employed an average of 138,200 people in 2015, the highest figure in at least 40 years, according to a new report from the New York Building Congress.

Average wages for the year were at $76,300, a 3 percent increase from $74,100 in 2014 and a nearly 12 percent increase from $68,300 in 2008, according to the report.

“It is no surprise to see wages rising in the face of such intense demand for workers,” said Richard Anderson, president of the New York Building Congress, a trade group for the construction industry. “That said, it is worth noting that wages are not rising nearly as quickly as they did during the previous building boom. This may be attributed to the growing number of union apprentices and the fact that the current boom is being fueled in large measure by residential construction, which is increasingly going to less expensive non-union labor.”

The Building Congress predicts 2016 will see an average of 141,700 construction jobs. — Hiten Samtani


Related Articles

arrow_forward_ios
From left: 2-10 54th Avenue in Long Island City, 355 Exterior Street in the Bronx and a rendering of 145 Wolcott Street (Google Maps, Arquitectonica, iStock)
Construction activity dips for fourth straight year: REBNY
Construction activity dips for fourth straight year: REBNY
Pandemic may wipe out $16B in construction spending: report
Pandemic may wipe out $16B in construction spending: report
Pandemic may wipe out $16B in construction spending: report
Trade group calls for 24-hour construction to reboot cities
Trade group calls for 24-hour construction to reboot cities
Trade group calls for 24-hour construction to reboot cities
Tonight’s TRD Talk: Facing a construction crisis
Tonight’s TRD Talk: Facing a construction crisis
Tonight’s TRD Talk: Facing a construction crisis
New York Building Congress President & CEO Carlo Scissura (Credit: Getty Images, iStock)
Construction spending expected to hit nearly $190B between 2019 to 2021: report
Construction spending expected to hit nearly $190B between 2019 to 2021: report
City on track to meet mayor’s affordable housing goals: NYBC report
City on track to meet mayor’s affordable housing goals: NYBC report
City on track to meet mayor’s affordable housing goals: NYBC report
Building Congress president just paid $2.2M for this Bay Ridge home
Building Congress president just paid $2.2M for this Bay Ridge home
Building Congress president just paid $2.2M for this Bay Ridge home
Real estate CEOs to lobby Trump on Gateway tunnel
Real estate CEOs to lobby Trump on Gateway tunnel
Real estate CEOs to lobby Trump on Gateway tunnel
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...