One of the most critical concerns for competition in the
construction industry right now is the competition for qualified employees. In
fact, it appears that competition has even grown for less qualified employees.
That is the main reason that our cost of labor index is indicating a continued
higher cost of labor. The good news is that the NRCI index score this quarter
has bounced back from 55.6 last quarter to 61.3. That is a solid recovery, and
almost every component of the NRCI moved up in a positive direction this
quarter.
See the entire FMI Report here….
Source: FMI
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