Updated 9.3/2024: Construction employment is projected to climb by 380,100 jobs over the next decade and record a modest annual growth rate in that period, the U.S. Bureau of Labor Statistics says in a new forecast.
The bureau’s annual employment projections report, which it released on Aug. 29, says construction’s compound annual growth rate in the 2023-2033 period will be 0.5%. That compares with a rate of 0.1% for all industries.