Construction-related jobs continue to grow in Chicago and surrounding areas. The housing market is slowly making a comeback, thus the housing construction market is in a slow, but steady upward swing. According to PNC Financial Services Group, new residential permitting movement, for both single family and multifamily building, saw another year of solid increases in 2014.
The retail market is also increasing, which means new stores and warehouses are opening up causing the need for those individuals skilled in various construction related trades. Roads and road-related structure repairs in Chicago are also considered on an upward swing with the economy improving and the need for construction workers is increasing.
The U.S. Bureau of Labor Statistics, Midwest Region posted figures from February 2014 to February 2015. There were 5,900 construction jobs added to the yearly growth in the Chicago area. The 4.5-percent yearly job growth rate was the highest among the local area super sectors that posted annual employment gains. Nationwide, construction employment produced at a 5.8-percent pace.
The median household income continues to rise in Chicago and is between 15 and 20 percent above the U.S. and Midwest regional averages according to PNC Financial Services Group. As the median household income continues to rise in Chicago, individuals and business are more willing to spend their money to make improvements and look for ways to increase their property value. This means more need for construction workers and those individuals who are skilled in the trades.
According to U.S. News & World Report Money, some of the best construction jobs include cost estimator, construction manager, plumber, sheet metal worker, brickmason/blockmason and carpenter. Chicago is a serious area to consider for those who are in employed in the construction industry or are looking for work in construction. Employment in the construction sector, according to the Bureau of Labor Statistics (BLS), is projected to increase from more than 5.5 million in 2010 to nearly 7.4 million in 2020.
Michelle Guilbeau is a writer, reviewer, teacher and business owner living in Chicago, Illinois. She also has experience in school administration, literacy coaching and is proud founder of CraftKitsForKids.com and MichelleGuilbeau.com Michelle enjoys sharing her knowledge of Chicago, food, travel, education and parenting issues with her readers. Her work can be found on Examiner.com.