South Florida Labor Workers’ Wages Rise
South Florida labor workers have another thing to look forward to. As you may have read in a previous article, workers in the construction industry are in demand and there are more available job opportunities than ever. However, we’ve recently come across more exciting news.
South Florida outpaced the nation in wage increases of 3.5 percent compared with 2 percent nationally for the year that ended in March, according to the U.S. Bureau of Labor Statistics in a recent study.
The study continues to explain,
“South Florida employers are creating more jobs, which is making the market more competitive for talent. The Fort Lauderdale-Pompano Beach-Deerfield Beach metro area in April had one of the largest gains in jobs in the state, 32,100 jobs — 4 percent growth over a year ago”.
A lot of this growth has to do with the amount of workers who are getting older and retiring. More people are retiring from construction than people getting into the industry. Such information leads one to wonder why more young people aren’t getting into the labor industry.
Although it may seem like many young adults are jumping into more technology-based careers, we learned that millennials are just as eager to learn labor trades as previous generations. It just seems like there aren’t as many because so many job opportunities are coming up and so few laborers. Let’s just blame this on a very steady and growing construction economy in South Florida.