A lot has been written about the new wave of construction job growth that began in the last few years, but the data released this week suggests that we’re still in a relatively good spot when it comes to job growth.
Construction jobs are up by an average of 2.8 percent in the first six months of 2017, the Labor Department said, compared to the same period in 2016.
That’s the largest annual gain in over a decade, and the largest since 2010, when construction jobs grew by 7.7 percent.
And the trend is continuing: Construction job growth in 2017 surpassed construction employment growth in 2015, and is now up 6.6 percent compared to 2016.
That’s good news for anyone who wants to keep construction jobs around, but construction workers have always been a small slice of the US economy.
As the Bureau of Labor Statistics recently pointed out, in the year before the recession, construction jobs had only about a quarter of the employment growth that was generated by manufacturing.
But construction jobs have been on the rise for the past decade or so.
As we’ve seen, the supply chain is key to getting a construction job done.
That means that the supply chains that produce the materials used to build a house, the cars that drive those cars, and even the parts of a house that are put together are all part of the same system.
When you’re dealing with a company like Lego, which makes bricks for Lego’s various products, the same components that are used in the building process can be made in multiple factories around the world, creating a network of suppliers that all contribute to the final product.
The same holds true for many other large-scale industries.
If you look at the manufacturing jobs market in the United States, for example, there’s a good chance that the company you’re working for will be headquartered in one of the top manufacturing hubs in the country.
That helps explain why the construction sector is still growing in the U.S., and why many construction workers don’t have any other options for employment.
That said, construction job gains aren’t the only reason to keep looking for construction jobs.
Construction is a relatively high-paying occupation, so it’s also important to note that there are many other jobs out there that can be filled with fewer construction workers, which may help explain why construction jobs are showing up as the number one occupation for construction workers.
There’s been a lot of talk lately about a “glass cliff,” in which construction jobs could go away completely in the next decade, as companies stop hiring new workers, and it’s becoming clear that’s not going to happen.
That doesn’t mean construction jobs aren’t going to continue to be important, but it does mean that they’ll be harder to fill than they were before the construction boom began.
As construction job losses continue to accelerate, it’s important to keep an eye on the supply of jobs for the construction industry.