Iowa Construction Industry Profile€¦ · Iowa Industry Profile Iowa Workforce Development,...
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IOWA Workforce Development Construction 2016 IOWA Industry Profile Executive Summary https://www.iowaworkforcedevelopment.gov/labor-market-information-division In 2015, the construction sector comprised 5.2 percent of all employment in Iowa; however, this is an industry that is sensitive to the volatilities of the business cycle, so this percentage is subject to more variation than other industries. This sector had an average annual wage of $54,878 in 2015, which is 24.5 percent higher than the statewide average of $44,094 for all industries (public and private sector). In terms of employment, the construction sector was one of the hardest hit by the Great Recession. The industry shed a large number of jobs in the aftermath of the recession, losing 11,511 jobs (15.4%) between 2008 and 2010. The sector has since made a recovery and has passed its 2006 pre- recession peak of 76,002, employing 79,673 Iowans in 2015. In total, the construction industry has added 16,602 jobs since bottoming out in 2010, a growth rate of 26.3 percent. Wages have increased by 34.8 percent between 2006 and 2015, even though they dipped a bit in 2009. Men make up an overwhelming majority of this industry, holding over 87.8 percent of all jobs in the sector.
Transcript of Iowa Construction Industry Profile€¦ · Iowa Industry Profile Iowa Workforce Development,...
IOWA Workforce Development
Construction
2016 IOWA Industry Profile
Executive Summary
https://www.iowaworkforcedevelopment.gov/labor-market-information-division
In 2015, the construction sector comprised 5.2 percent of all employment in Iowa; however, this is an industry that is sensitive to the volatilities of the business cycle, so this percentage is subject to more variation than other industries. This sector had an average annual wage of $54,878 in 2015, which is 24.5 percent higher than the statewide average of $44,094 for all industries (public and private sector). In terms of employment, the construction sector was one of the hardest hit by the Great Recession. The industry shed a large number of jobs in the aftermath of the recession, losing 11,511 jobs (15.4%) between 2008 and 2010. The sector has since made a recovery and has passed its 2006 pre-recession peak of 76,002, employing 79,673 Iowans in 2015. In total, the construction industry has added 16,602 jobs since bottoming out in 2010, a growth rate of 26.3 percent. Wages have increased by 34.8 percent between 2006 and 2015, even though they dipped a bit in 2009. Men make up an overwhelming majority of this industry, holding over 87.8 percent of all jobs in the sector.
What is Construction? The construction sector is comprised of establishments primarily engaged in the construction of buildings, engineering projects (e.g., highways and utility systems) or in the construction trades. Establishments primarily engaged in the preparation of sites for new construction or primarily engaged in subdividing land for sale as building sites are also included in this sector. Construction work done may include new work, additions, alterations or maintenance and repairs. Activities of these establishments generally are managed at a fixed place of business, but they usually perform construction activities at multiple project sites.
Construction
Iowa Industry Profile
https://www.iowaworkforcedevelopment.gov/labor-market-information-division
2015 Industry Breakout by Employment in Iowa Construction NAICS Industry Coding
Percentage Employed & Average Annual Wage (AAW) by Subsector
Source: Quarterly Census of Employment and Wages (QCEW), Iowa Workforce Development
2006-2015 Employment in Construction in Iowa
Source: Quarterly Census of Employment and Wages (QCEW), Iowa Workforce Development Source: www.bls.gov/cew/bls_naics/bls_naics_app.htm
76,002 74,378 74,607 66,492 63,096 63,877 66,014 69,199 75,697 79,673
$40,708
$42,231
$44,125$43,668
$43,851
$45,234
$47,200
$48,574
$51,965
$54,878
60,000
65,000
70,000
75,000
80,000
85,000
$36,000
$38,000
$40,000
$42,000
$44,000
$46,000
$48,000
$50,000
$52,000
$54,000
$56,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Employment
Average Annual Wage
236-Construction of Buildings
21%AAW = $54,127
237-Heavy & Civil Engineering Construction
18%AAW = $68,604
238-Speciality Trade Contractors
61%AAW = $51,122
construction
Iowa Industry Profile
https://www.iowaworkforcedevelopment.gov/labor-market-information-division
2015 Covered Employment in Construction by County
In 2015, there were 9,528 construction locations across Iowa, employing 79,673 people averaged throughout the year. Construction work tends to be seasonal. The heavy & civil engineering construction subsector accounts for 17.8 percent of total covered sector employment—making it the smallest but best paid segment with average annual wage of $68,604, construction of buildings represents 21.5 percent, and the largest subsector, specialty trade contractors, employs 60.7 percent of all sector employment.
Employers
Name of Company Industry
Baker Electric Inc Building Equipment Contractors
Baker Group Building Equipment Contractors
Carl A Nelson & Co Foundation, Structure & Bldg Exteriors
Peterson Contractors Inc Highway, Street, and Bridge Construction
Seneca Corp Nonresidential Building Construction
Tri City Communications Building Equipment Contractors
Western Engineering Co Highway, Street, and Bridge Construction
Winger Contracting Co Building Equipment Contractors
Source: www.iowaworkforcedevelopment.gov/employer-database
Examples of Major Construction Employers
Source: Quarterly Census of Employment and Wages (QCEW), Iowa Workforce Development
Sector Statewide:
Employment - 79,673 Average Annual Wage -
$54,878
Label Key: First line is the county
name followed by average employment and finally, average
wage.
Construction
Iowa Industry Profile
Iowa Workforce Development, Employment Statistics Bureau
1000 E Grand Ave Des Moines, IA 50319
800-532-1249 Fax: 515-281-8195
[email protected] www.iowaworkforcedevelopment.gov
Equal opportunity employer/program. Auxiliary aids and services are available
upon request to individuals with disabilities.
TTY 515-281-4748 1-800-831-1399
Contact Information
https://www.iowaworkforcedevelopment.gov/labor-market-information-division
Source: Quarterly Census of Employment and Wages (QCEW), Iowa Workforce Development
2015 Average Annual Wage for Covered Employment in Construction
State Comparisons by Private Ownership
Nebraska $47,402
Industry Distribution by Age & Gender 4th Qtr. 2015
Source: Local Employment Dynamics, Iowa Workforce Development and U.S. Census Bureau http://lehd.did.census.gov
North Dakota $64,960
United States Average: $57,009
Kansas $50,918
Iowa $54,965
Minnesota $61,519
South Dakota $44,995
Wisconsin $57,241
Illinois $67,763
Indiana $53,742
Michigan $57,316
Ohio $55,887
Missouri $54,433
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