Nearly 1,000 U.S. construction workers died of work-related injuries each year from 2011 to 2020, with the industry accounting for 20% of all workplace deaths, even though it made up just 7.3% of the national workforce.
With demand for construction equipment running high amidst a busy few years of construction, the hunger for new machines was visible at the triennial CONEXPO-CON/AGG trade show, held March 14-18 in Las Vegas.
As compensation for labor and staff continues to rise, executives are keeping pace and garnering some of the biggest pay increases seen in the C-suite in over 15 years.
With the economy so far navigating through recession risks, ENR’s Construction Industry Confidence Index shot up 11 points this quarter to a cautiously pessimistic 44 rating, with 68% of survey respondents seeing the current market as either stable or improving, up from 62.7% last quarter.
Recession fears continue to loom as the first quarter comes to a close. Inflation remains an ongoing issue, while recent failures in the banking sector pose additional threats.