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Construction firms increase hiring [VIDEO]

Transcript

Good news for the construction industry: the strong hiring that happened in 2014 looks like it will continue this year.

Between 2006 and 2010, the construction industry underwent a tough stretch. Firms cut 2.2 million jobs during that stretch. So far, only 30 percent of those have been recovered.

However, in 2014, construction employment grew at twice the pace of the rest of the labor market. Now, new jobs are arising due to the increase in natural gas and oil infrastructure in the U.S. Those jobs are tied to the success of the energy sector, but there are other projects like high-speed trains and residential housing that will provide other opportunities.

Thanks for watching. Be sure to check back soon for more construction news from K.L. Jack & Company.