Latest payroll data from Hudson Contract shows average weekly earnings for self-employed tradespeople increased to £929 per week during August.
Earnings across all regions of England and Wales increased for the second consecutive month as year-on-year, earnings rose by 5.9%.
In the East Midlands, labour costs hit a new all-time high of £1,022 per week, with demand driven by new regeneration, housing and infrastructure projects
Ian Anfield, Hudson managing director, said: “Most construction companies are reporting full order books, driven by strong demand for new housing and renovation work.
“The industry is facing a lot of challenges due to labour and material shortages. Costs are rising on a daily basis, which is squeezing margins and making it difficult to price new projects, and shortages are causing delays in existing projects.
“Many companies are looking forward to the end of the government’s Self-Employment Income Support Scheme this month, which should push more people back to work.”
Hudson Contract is a leading supplier to the construction industry with a client base of more than 2,500 small and medium-sized contractors.
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