Pay hikes for construction staff remain at a historically high rate, even as some sectors could see a future slowdown in project starts.

After years of steady increases, wages for many craftworkers have jumped recently, pushed up by the pressures of a hot economy, high inflation and labor shortages.

Labor rates remain relatively steady despite pandemic upheavals, but analysts noted some short-term adjustments to compensation by construction employers in 2020 with ongoing labor shortages continuing to pressure wages.

Eased worker shortages have kept pay hikes stable in 2020, but future uncertainties still loom

Strong employer revenue and improved margins juice compensation in a competitive market.