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Construction Industry Has Work, Needs More Workers
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wsj.comThe construction industry has become a pillar of strength in the U.S. economy, helping contractors offset rising expenses as they deal with labor shortages.
A building boom in industrial plants, infrastructure and other nonresidential projects is offsetting home construction in the U.S. that has been weakening under the weight of higher interest rates. Contractors said spending on nonresidential projects has stayed strong as borrowing costs rise, which usually drives up the cost of financing construction work.
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