Employment in construction in Iowa has risen 8.72% in the last year (for a total of 89,800 construction employees), while employment in construction in Illinois has decreased by 4.54% (for a total of 208,100 employees).
Overall, the region mostly saw an increase in employment levels and while more jobs is always exciting, it’s not the entire story.
Last year, Illinois’ average annual pay in the construction industry increased by 4.6% and Iowa increased by 5.8%––making it the highest average annual pay for construction workers ever recorded in Iowa.
So what does this mean? The numbers tell us it’s becoming more and more difficult to find skilled labor in the Midwest region. Businesses are paying more than ever to attract and retain the talent they need.
This past year, new private housing units authorized by building permits across the region declined in some states––most notably Illinois, which declined by 52.88% and Iowa by 31.08%––while other states saw huge increases––most notably Minnesota, which increased by 40.32% and Missouri by 22.73%.