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Industry Outlook

Skilled trades workers will continue to be needed by businesses and homeowners for new construction, maintenance and repairs, and renovations. Many trades are affected by the state of the economy. During times of economic slowdown, construction and related building and renovation activity diminishes as companies cut their budgets. Homeowners also scale back on spending on home repairs and improvements unless these things are absolutely necessary. The coronavirus pandemic, which started in late 2019, caused an economic slowdown in the U.S., as well as throughout the world, as many states have had lock-downs to protect public health. Some construction projects were delayed, however, construction work, for the most part, was deemed essential and work continued. The accelerated distribution of the COVID-19 vaccine in 2021 will bolster the economy, with businesses operations and construction activities projected to increase. Spending will increase for such things as carpentry, electrical work, masonry, plumbing and pipefitting, and other trade and craft services. The employment growth rate varies depending on the sector, but overall, there will be employment opportunities in the years to come for those in skilled trades.

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