ProBility Media Corp. (PBYA) Changing Dreams to Reality

Two recent Wall Street Journal articles reveal that labor pressures are mounting in the construction industry as hiring accelerates across the U.S. economy. The U.S. Labor Department recently reported that nonfarm payrolls rose by a seasonally adjusted 211,000 in April, and the unemployment rate fell to 4.4%, the lowest level in nearly a decade. Contractors across the country report significant shortages of electricians, carpenters, plumbers, and other skilled and semi-skilled laborers as the volume of building projects increases.

The shortage of skilled labor in many markets has forced contractors to boost pay scales, which has been a contributing factor to new home price increases over the past two years. Construction labor costs are currently rising an average of 4% to 5% annually, outpacing inflation, according to…

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