Sources: U.S. Bureau of Labor Statistics; CP staff
Employment Projections — 2023-2033, a Bureau of Labor Statistics report released just ahead of the Labor Day weekend, tracks the addition of 6.7 million jobs to the U.S. economy over the next 10 years, 380,000 of them in Construction, 75,000 in Architectural, Engineering and Related Services occupational categories. The projected 4.7 percent gain in Construction jobs through 2033 contrasts with the prior decade’s 36.9 percent increase, a figure reflecting post-Great Recession building activity.
Among the major Construction areas of residential building, nonresidential building and heavy/civil, BLS economists see respective employment gains of 3.9 percent, 5.9 percent and 4.9 percent over the 2023-2033 window. Under a subcategory of specialty contractors working with cement-based materials, they project increases by trade: Foundation, Structure and Building Exterior, 3.7 percent; Poured Concrete Foundation and Structure, 4.7 percent; and, Masonry, 2.4 percent.
Construction and Architectural & Engineering Services are among 22 Employment Projections major occupational categories, across which BLS economists see overall growth of 4.0 percent, to nearly 175 million jobs in 2033.
