Lorman offers professional resources regarding COVID-19 and remote working best practices.  Learn more

Show navigation
featured image

Employment Rises in the Construction Industry [Infographic]

Posted on 07/07/20 By Brittany K. King


The impact of the novel coronavirus on everyday life is incomparable to anything the United States has experienced in recent years, with drastic changes to working conditions and record-high unemployment rates. 

Even when the stock market declined throughout 2008, leading to what is now known as the Great Recession, the unemployment rate only topped off at 10.6%. The unemployment rate in 2020 is estimated to have reached as high as 16%, more comparable to the Great Depression peak rate of 25% in the 1930s. 

Luckily, some industries have already begun to bounce back from the impact of the virus. From May to June of this year, private sector employment increased by more than 2.3 million. The goods-producing sector, such as manufacturing and construction, have seen exponential growth since May. 

Click here to explore Construction and Development training courses.

See how employment has risen in construction and other goods-producing industries below

 

 

Click here to explore Construction and Development training courses.

 

 

 

Brittany K. King
Brittany K. King

Brittany is the content marketing specialist for Lorman. Her background is in content strategy and social media marketing. Brittany has worked in an array of industries, ranging from consumer packaged goods to insurance and (of course) continuing education services.

Related Articles

The rapid spread of the COVID-19 is significantly impacting life in the United States. Fortunately for employees and supervisors, there are ways to stay productive and engaged while working remotely during the Coronavirus pandemic.

Posted on 05/05/20

A corporate credit card is intended for use by businesses, not for personal use. Employers hand out corporate credit cards for employees who routinely withdraw cash or need access to the company's credit line for major purchases.

Posted on 07/23/20

Every year, organizations across the country celebrate safety by focusing on ways to prevent workplace injuries and hazards. The holiday is an important reminder to make sure our workplaces become safer every year.

Posted on 06/01/20