Skip to Main Content

BLS Anticipates Construction Sector Will Add 790K Jobs Over the Next Decade

Wednesday, January 20, 2016
BLS Anticipates Construction Sector Will Add 790K Jobs Over the Next Decade

The Bureau of Labor Statistics (BLS) is projecting that the construction industry will add 790,400 jobs by 2024, making it one of the top industries for job growth in the coming decade.

The BLS cites a number of factors as reasons for the projected growth, including an increase in the demand for new construction and the need to replace a large number of workers set to retire in the next decade.

A Closer Look

BLS further broke down the numbers by type of jobs projected to be added in the coming years. They included the following:

  • Solar photovoltaic installers – 24 percent
  • Iron/rebar workers – 23.4 percent
  • Insulation workers – 19.4 percent
  • Brick masons and block masons – 17.9 percent
  • Electricians – 13.7 percent
  • Earth drillers – 13.6 percent While this is good news, experts noted that the projected job growth won’t return jobs to the levels seen at the construction industry’s peak in 2006.

Material posted on this website is for informational purposes only and does not constitute a legal opinion or medical advice. Contact your legal representative or medical professional for information specific to your legal or medical needs.

Get Started

Let Your Aspirations Set the Agenda

Grow with who you know. Reach out to us today and start the conversation, so you’re better protected and prepared for what comes next.

Talk to an Advisor

man looking left