Construction Industry at a glance

Posted by editor | Articles | Thursday 22 May 2008 12:26 pm

Construction industry is an industry that must exist in any countries. It is the industry that will generate other industry to show up. Its nature that involves many labors will keep the unemployment rate down. People who work in this industry will get high hourly rate since not anybody has the capability to work in the construction industry. The job needs high stamina since it will require a person to stand, bend, and stay in a small room for hours.

We can see the products of this industry every where such as office buildings, residential houses, shopping malls, sewers, bridges and many more. However, the industry does not only build those products but it also involves in planning and maintaining the projects.

The industry is actually divided into 3 major segments namely construction of building, Heavy and civil engineering construction contractors and Specialty trade contractors. The first segment is the one that produces office and residential buildings. The second segment produces public facilities such as roads, bridges, dams, and many more. And the last segment involves in special activities such as electrical work, plumbing, carpentry and many more.

According to the Bureau of Labor of Statistics, Construction industry is one of the largest industries in the US with 1.9 million people are involved in the industry.