Current Market Trends in the Construction Industry — U.S. Bridge

Young people have always been told that earning a four-year college degree is the only way to get a high paying job and achieve success. But the narrative is changing; college enrollment rates are dropping, while trade/vocational school enrollment rates, especially for the construction industry, are on the rise. Here are the overall trends in trade school and construction training program enrollments, as well as the current construction job market in the U.S.

Trade School enrollment on the rise

Recently, colleges have experienced significant declines in enrollment, while many trade programs are observing the opposite. According to the National Student Clearinghouse, enrollment in trade schools — particularly across construction, culinary, and mechanic trade programs — have experienced increases in enrollment over the last two years.

Construction Industry Jobs

The construction industry in particular allows for diverse opportunities for employment, including more corporate or administrative roles, as well as boots on the ground, skilled roles. Some careers in the industry require college degrees, while others require specific industry certifications.

The construction industry has an estimated growth rate of 7%, expecting to add about 109,100 new jobs between the years over the next five years. Many construction jobs are currently in high demand, seeking skilled workers to join the ranks and help companies complete pending projects. According to the US Bureau of Labor Statistics, some of these high demand jobs include: electricians, mechanical engineers, financial managers, software developers, solar photovoltaic installers, and wind turbine service technicians. There are many opportunities for employment in this growing industry, regardless of expertise or speciality.

Building the Best with U.S. Bridge

The professional U.S. Bridge team provides comprehensive and high-quality service that is friendly and time-efficient. As industry leaders and pioneers in several construction industry firsts, we know the importance of top of the line materials, unique and reliable designs, and the industry’s top engineers.

Working with us means working with professionals at every stage of the process. Get in touch with us now to begin the process, or use our exclusive Bridgescope tool for a jumpstart.

Originally published at https://usbridge.com on July 10, 2024.