Construction employment expanded in 257 metro areas, declined in 43 and was stagnant in 39 between December 2013 and December 2014, according to a new analysis of federal employment data by the Associated General Contractors of America, Arlington, Va. Association officials said the construction industry should continue to expand in 2015, noting that 80% of contractors report plans to add new employees this year.
“While weather patterns certainly had an impact on construction employment during the past year, there is little doubt that the construction sector is in recovery mode in most parts of the country,” said Ken Simonson, chief economist. “The industry should continue to add jobs in 2015 as private and public sector demand continues to grow.”
Dallas-Plano-Irving, Texas, added the largest number of construction jobs in the past year (15,200 jobs, 13%), followed by Houston-Sugar Land-Baytown, Texas (14,900 jobs, 8%); Chicago-Joliet-Naperville, Ill. (11,000 jobs, 10%) and Seattle-Bellevue-Everett, Wash. (8,700 jobs, 12%). The largest percentage gains occurred in Eau Claire, Wis. (38%, 3,300 jobs); Ogden-Clearfield, Utah (28%, 3,300 jobs); Monroe, Mich. (25%, 600 jobs) and Pascagoula, Miss. (24%, 1,500 jobs).
The largest job losses from December 2013 to December 2014 were in Bethesda-Rockville-Frederick, Md. (-3,900 jobs, -12%); followed by Phoenix-Mesa-Glendale, Ariz. (-3,400 jobs, -4%); Riverside-San Bernardino-Ontario, Calif. (-2,700 jobs, -4%); Gary, Ind. (-1,900 jobs, -11%) and Richmond, Va. (-1,800 jobs, -5%). The largest percentage decline for the past year was in Steubenville-Weirton, Ohio-W.Va. (-41%, -900 jobs); followed by Anniston-Oxford, Ala. (-13%, -100 jobs); Bethesda-Rockville-Frederick, Md. and Gary, Ind.
Construction employment statistics are an important economic indicator to consider when judging the future health of the electrical market and to forecast sales potential of electrical contracting firms on a local, regional and national basis. According to Electrical Wholesaling historical employment data and calculations, electrical contractor employment accounts for 13% of all construction employment and electricians account for 9% of all construction employment. That’s important because each employee at an electrical contracting firm accounts for roughly $49,253 in buying power and each electrician accounts for $71,119.