The Construction Industry in Montana’s Economy Big Sky Pathway Construction Seminar January 21 st, 2014 William Connell Economist

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Presentation transcript:

The Construction Industry in Montana’s Economy Big Sky Pathway Construction Seminar January 21 st, 2014 William Connell Economist

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. Montana Recession

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 Source: Bureau of Labor Statistics, Current Employment Statistics

Construction Employment by Sector Source: Bureau of Labor Statistics, Current Employment Statistics

Job Change by Region 2007 to 2012, Projected Source: LAUS, BLS and MT DLI Northwest Southwest North Central South Central Eastern

Construction Job loss by county

Construction employment by county

Top 15 Construction Jobs Job Title Employment Projection Carpenters2,410 Electricians1,474 Construction Laborers1,238 Office and Administrative Support Occupations1,133 Operating Engineers and Other Construction Equipment Operators1,014 Installation, Maintenance, and Repair Occupations991 Plumbers, Pipefitters, and Steamfitters898 Other Installation, Maintenance, and Repair Occupations845 Supervisors, Construction and Extraction Workers596 First-Line Supervisors of Construction Trades and Extraction Work596 Financial Clerks554 Bookkeeping, Accounting, and Auditing Clerks522 Transportation and Material Moving Occupations501 Motor Vehicle Operators329 Heavy and Tractor-Trailer Truck Drivers321

Construction Workers by Age Group Source: Longitudinal Employer-Household Dynamics, Quarterly Workforce Indicators. 2 nd quarter 2012

Final Points Construction employment is expected to reach pre-recession levels in 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.