Creating Momentum in the Construction Industry

Millions of Americans can benefit from blue-collar jobs to help them get back on their feet. There are tens of thousands of job opportunities available in the construction and professional trade industries right now, with even more planned in the coming year and decade.

Over the next ten years, the U.S. Bureau of Labor Statistics predicts a 5% increase in employment growth and job outlook in the construction industry. The current housing market boom and an expected infrastructure bill from Congress will most likely boost that development.

2020 Median Pay$37,080 /year, $17.83 /hour
Number of Jobs, 20191,643,900
Job Outlook, 2019-295% (Faster than average)
Employment Change, 2019-2981,000
https://www.bls.gov/ooh/construction-and-extraction/construction-laborers-and-helpers.htm

Many leading economic indicators show signs of improvement in the post-COVID economy, including declining unemployment, increased consumption, and growing consumer confidence. 

Among the housing market boom, the construction industry added 110,000 jobs in March, reclaiming over 80% of the jobs lost during the COVID-19 pandemic.

March
2021
February
2021
March
2020
1 Mo.
Change
12 Mo.
Change
12 Mo (%)
Construction7,466,0007,356,0007,557,000110,000-91,000-1.2%
Nonresidential4,436,1004,363,0004,614,80073,100-178,700-3.9%
NonresBuilding816,600809,000843,6007,600-27,000-3.2%
NonresContractor2,556,6002,518,4002,673,80038,200-117,200-4.4%
Civil Engineering1,062,9001,035,6001,097,40027,300-34,500-3.1%
Residential3,030,3002,993,3002,942,40037,00087,9003.0%
ResBuilding872,700862,500832,70010,20040,0004.8%
ResContractor2,157,6002,130,8002,109,70026,80047,9002.3%
https://www.abc.org/Portals/1/Jobs_Table_4.2.2021.jpg?ver=2021-04-02-094526-370

Despite longer lead times for supplies and projects and higher material costs, this indicates a strong turnaround for builders in the months ahead, with a renewed sense of optimism for the construction industry following the COVID-19 pandemic.

Although home repairs and new home purchases have increased dramatically in recent months, there is still a housing shortage in the United States. According to a recent Freddie Mac report, nearly 4 million new homes would be needed to satisfy current demand, a 52% rise from 2018. Looking at the data, this provides an immediate opportunity for local builders that will also generate economic activity.

To summarize, there is hope!

Ultimately, with so much progress, there is reason to be optimistic. 

The construction sector is gaining traction, which is encouraging and excellent news for all of us.

Liam Baker Avatar

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One response to “Creating Momentum in the Construction Industry”

  1. Muhammad Ahmad karim Avatar
    Muhammad Ahmad karim

    Dear Hiring Manager,

    Hope my email finds you doing well. I am writing to express my interest in the civil engineering position at Power China. With a Bachelor’s degree in Civil Engineering and 02 years of experience in the field, I believe I would be a strong candidate for the role.

    Throughout my career, I have gained valuable experience in designing and managing various civil engineering projects, including steel structures & concrete design. I have also worked closely with clients and stakeholders to ensure that projects are completed on time and within budget.

    In addition to my technical skills, I am a strong communicator and collaborator, able to work effectively with cross-functional teams and stakeholders. I am also highly organized and detail-oriented, with a proven ability to manage multiple projects simultaneously.

    I am excited about the opportunity to bring my skills and experience to Power China and contribute to the success of the team. Thank you for your consideration, and I look forward to the opportunity to discuss my qualifications further.
    My CV is attached with this email for your kind persul.

    Sincerely,
    Muhammad Ahmad Karim

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