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Construction employment not quite what it used to be

  • ​The Phoenix economy has traditionally been known for the 5 C’s: copper, cattle, cotton, citrus and climate. However, during the early 2000’s a new “C” emerged as a leading sector in the market: Construction.
  • At the turn of the century, Construction employment represented only 7.6% of total nonfarm employment. Construction employment peaked in July 2006 when it represented nearly 10% of total employment, with about 184,100 people employed in the sector. Unfortunately, most of those jobs were lost during the Recession.
  • By February 2011 there were only 78,900 people employed in Construction, about 4.6% of overall employment. Despite significant construction activity in the residential and commercial real estate industries, especially for office, industrial, and multifamily properties, construction employment has not fully rebounded. ​

Source: Bureau of Labor Statistics, JLL Research​

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