After years of employment challenges, the construction industry has been posting a steady stream of job gains that keep increasing each month. Hiring activity in the construction industry slowed somewhat in February, but the overall increases the industry has experience in the past 12 months have led to a series of gains that give many in the construction world reason to be excited about the future.
Significant Gains In The Past 12 Months
According to the Bureau of Labor Statistics, the construction industry gained a staggering total of 45,000 jobs in April 2015, which brings the total construction jobs added from April 2014 to April 2015 up to 280,000. Another part of this good news is that the gains were split down the middle between the residential and non-residential construction sectors. That means that jobs are being added all over the construction industry and that is good news for the entire job market.
Construction Unemployment Rate Drops
According to the Associated General Contractors of America, the significant increase in construction jobs over the past 12 months has lowered the April construction unemployment rate to just 7.5 percent. That represents the lowest April construction unemployment rate in nine years and the unemployment rate looks to continue dropping as more projects get underway.
Specialty Contractors Are Experiencing Considerable Growth
When the construction employment numbers are broken down, we see that 153,300 of the 280,000 jobs that have been created have been added to the specialty construction and residential construction industries. While it is normal for the specialty and residential construction industries to stay busier than their commercial counterparts during the winter months, these types of employment numbers have not been seen in nearly a decade and that is changing the economic outlook for many construction companies.
The Overall Numbers Are Also Impressive
The number of registered construction workers that are currently out of work is 652,000. The Associated General Contractors of America indicate that this is the lowest number of unemployed construction workers at any point in a year since 2001. The gains in April are impressive, but the overall employment health of the construction industry indicates that the economy is recovering and that employment opportunities will start to increase. At this point, construction company owners are starting to fear that the available pool of workers may not be enough to complete the spring and summer projects that are planned.
It has been over a decade since the construction unemployment numbers have been this low, which means that now is the time to get your Massachusetts supervisor’s license and take advantage of the need for workers. The Massachusetts Contractors Academy has all of the courses you will need to prepare for your supervisor’s license.
Do not let this opportunity pass you by. Sign up at the Massachusetts Contractors Academy today and start taking your courses right now. You don’t have to pay until you finish your course and you will have the skills you need to take advantage of the need for construction workers in the coming years.
George N Root III is a professional freelance writer who has expertise in topics such as Internet marketing, business, advertising, and personal finance.