the construction industry in montana’s economy big sky pathway construction seminar january 21 st,...
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The Construction Industry in Montana’s Economy
Big Sky Pathway Construction SeminarJanuary 21st, 2014
William ConnellEconomist
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7.0%
Montana and U.S. Unemployment Rate
Source: Local Area Unemployment Statistics from MT DLI and the Current Population Survey from BLS
5.2%
U.S.MontanaRecession
Employment Change over Prior Year
Source: LAUS, Quarterly Census of Employment and Wages, MT DLI
2.3%
Employment Change in Recession and Recovery
Source: QCEW, MT DLI.
Construction Employment 1990-2012
19901991
19921993
19941995
19961997
19981999
20002001
20022003
20042005
20062007
20082009
20102011
20120
5,000
10,000
15,000
20,000
25,000
30,000
35,000
MT Construction EmploymentLinear Trend
Source: Bureau of Labor Statistics, Current Employment Statistics
Construction Employment by Sector 2000-2012
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
Construction of Buildings Heavy and Civil Engineering ConstructionSpecialty Trade Contractors
Source: Bureau of Labor Statistics, Current Employment Statistics
Job Change by Region 2007 to 2012, Projected 2013-2020
Source: LAUS, BLS and MT DLI
2007 2008 2009 2010 2011 2012 2013* 2014-2020*
-10,000
-8,000
-6,000
-4,000
-2,000
0
2,000
4,000
6,000
Northwest
Southwest
North Central
South Central
Eastern
Construction Job loss by county
Construction employment by county
Top 15 Construction Jobs
Job Title Employment Projection
Carpenters 2,410Electricians 1,474Construction Laborers 1,238Office and Administrative Support Occupations 1,133Operating Engineers and Other Construction Equipment Operators 1,014
Installation, Maintenance, and Repair Occupations 991
Plumbers, Pipefitters, and Steamfitters 898
Other Installation, Maintenance, and Repair Occupations 845
Supervisors, Construction and Extraction Workers 596
First-Line Supervisors of Construction Trades and Extraction Work 596Financial Clerks 554
Bookkeeping, Accounting, and Auditing Clerks 522
Transportation and Material Moving Occupations 501Motor Vehicle Operators 329Heavy and Tractor-Trailer Truck Drivers 321
14-249%
25-3425%
35-4423%
45-5424%
55-6416%
65-993%
Construction Workers by Age Group
Source: Longitudinal Employer-Household Dynamics ,Quarterly Workforce Indicators. 2nd quarter 2012
Final Points
• Construction employment is expected to reach pre-recession levels in 2021.
• Construction jobs are concentrated in certain areas of the state and have been impacted by oil development in Eastern Montana
• Construction jobs are shifting towards heavy equipment operators and truck drivers, not just carpenters and general laborers.
