- “The number of construction jobs is increasing from 7.2 million in 2018 to 7.5 million by 2026.” – U.S Bureau of Labor Statistics
- Electricians, Plumbers, HVAC technicians and Roofers are among the top paid labor jobs in the trades.
3. Employment in construction of buildings is projected to be about 1.7 million in 2026. This subsector includes general contractors and other establishments that have primary responsibility for an entire building or remodeling project.
4. Managers, Cost Estimators, and Civil Engineers amongst top paid jobs surrounding construction. (2017)
5. After taking a hit (back to 2016 levels) – construction employment resumed its’ place near the top of it’s growth curve in 2021. – Graph source: U.S Bureau of Labor Statistics
6. Construction is projected to grow 8.9 percent by 2026, according to DEED’s Employment Outlook data tool.
7. Wages in Construction were far above average at $33.99 compared to $30.33 across all private sector jobs in a recent given month.
8. Construction employees worked an average of 41.1 hours (in a recent given month), in contrast to 34.1 hours across the private sector.
According to MN Employment and Economic Development “While the outlook for Construction is positive, the sector is highly sensitive to business cycles. A recession would likely negatively affect Construction. Construction needs to diversify its workforce by recruiting more women and minorities to fill open positions during the tight labor market that Minnesota is experiencing. Diversifying the workforce will most certainly turn out to be a critical survival and growth strategy for Construction.”
9. “Of all the people working in construction, women comprise only 10.3 percent. Even smaller is the number of women on the front lines of a job site—only one for every 100 employees in the field. Considering that women make up 47 percent of all employed individuals, this means that the construction industry is only benefitting from about 1.25 percent of women in the workforce.” According to BigRentz
10. “As new construction projects are expected to stabilize and return to low growth in 2021, and new construction industry jobs are expected to balloon by almost 2 million in 2022, companies are looking to recruit more women than ever before to bring their skill sets into the field.”
11. “Although more diverse representation in the construction industry isn’t a reality today, this report by McKinsey & Co. reveals that the most gender-diverse companies are 25 percent more likely to achieve above-average profitability than companies with less diversity.”
