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The Construction Industry in Montana’s Economy

The Construction Industry in Montana’s Economy. Big Sky Pathway Construction Seminar January 21 st , 2014 William Connell Economist wconnell@mt.gov. Montana and U.S. Unemployment Rate. U.S. Montana Recession. 5.2%.

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The Construction Industry in Montana’s Economy

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  1. The Construction Industry in Montana’s Economy Big Sky Pathway Construction Seminar January 21st, 2014 William Connell Economist wconnell@mt.gov

  2. Montana and U.S. Unemployment Rate U.S. Montana Recession 5.2% Source: Local Area Unemployment Statistics from MT DLI and the Current Population Survey from BLS

  3. Employment Change over Prior Year 2.3% Source: LAUS, Quarterly Census of Employment and Wages, MT DLI

  4. Employment Change in Recession and Recovery Source: QCEW, MT DLI.

  5. Construction Employment 1990-2012 Source: Bureau of Labor Statistics, Current Employment Statistics

  6. Construction Employment by Sector 2000-2012 Source: Bureau of Labor Statistics, Current Employment Statistics

  7. Job Change by Region 2007 to 2012, Projected 2013-2020 Northwest Southwest North Central South Central Eastern Source: LAUS, BLS and MT DLI

  8. Construction Job loss by county

  9. Construction employment by county

  10. Top 15 Construction Jobs

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

  12. 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.

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