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The selection of the proper index to use depends on the industry in which it is applied. For example, while CE, M&S or IC Index are typically employed for chemical process industries, the ENR (Engineering News-Record) construction index is used for general industrial construction and takes in account the prices for fixed amounts of structural steel, cement, lumber and labor.
Labor burden is the cost of payroll taxes and insurances (such as workers' compensation) which the employer must pay to employ workers. Labor rate (sometimes price) – the amount of currency per unit of time which is required to employ people (workers, crafts, trades, etc.) in the execution of construction work activity. The rate may represent ...
Labor costs are direct costs, that is, they can be identified among the total cost and assigned to a certain cost objective. [1] Labor costs are defined by categories (e.g. service labor or manufacturing labor), the attribution of a labor rate for each category, and a certain number of labor hours. [1]
Additionally, the rate of quits among construction workers jumped by 57,000 while layoffs dipped, signaling "continued tightness in the construction labor market as new construction demand picks ...
In the US in 2015, unincorporated self-employment rates were highest for workers in construction and extraction occupations (14.8 percent). [9] Construction workers can colloquially be referred to as "hard hat workers" or "hard hats", [10] as they often wear hard hats for safety while working on construction sites.
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The Building and Construction Trades Department, commonly known as North America's Building Trades Unions (NABTU), is a trade department of the American Federation of Labor and Congress of Industrial Organizations (AFL–CIO) with 14 affiliated labor unions in the building trades. It was originally founded by the American Federation of Labor in ...
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