New Reports Point to an Expanding Construction Industry

By: Greg Scott Neuman

New Reports Point to an Expanding Construction Industry

Although construction in the U.S. temporarily slowed when the recession struck in late 2007, recent reports indicate that it is finally showing signs of recovery. Citing new data from the U.S. Department of Commerce, The Wall Street Journal reports that in November, total construction spending jumped to an annualized rate of $807.1 billion, marking a 1.2% increase from September. As the construction industry continues to recover, it could mean more jobs for those who wish to enter the field.

According to the U.S. Bureau of Labor Statistics (BLS), construction professionals of all levels can benefit from education designed to develop their skills. On–the–job training is certainly important in this industry, but classroom education also plays a role. "The more education a worker receives, generally the more skilled that worker becomes," the BLS states.

Many construction workers attend a trade or vocational school, especially those who want to learn a high–paying specialty like plumbing or welding. In these institutions they learn necessary construction skills while also gaining a solid foundation in subjects like English and mathematics. For those who want to enter management, earning a Bachelor’s degree in Business Administration (BBA) or a Bachelor of Science (BS) in Project Management is often necessary.

Construction experience can also serve as an excellent foundation for civil, electrical and mechanical engineering; industry professionals who earn a Bachelor’s degree in Engineering can advance into much higher–paying positions. Additionally, they often discover that their construction background makes them better engineers with a more complete understanding of how building projects operate at all levels.

Ultimately, the recovering construction industry is like many others; the more education you have, the further you can advance. And the further you advance, the more likely you are to receive higher pay, better benefits and greater job security.