The global construction industry experienced a 15% drop in new job postings in Q1 2023 compared with the previous quarter, with the highest share accounted for by Black & Veatch with 29,451 job postings according to GlobalData’s analysis of construction company job postings. GlobalData’s Construction Market Size Analysis report provides a top-level overview and detailed market, category and company-specific insights on the global construction market. Buy the report here.
Notably, Architecture and Engineering Occupations jobs accounted for a 15% share of the global construction industry’s new job postings in Q1 2023, up 5% over the prior quarter.
Architecture and Engineering Occupations drive construction hiring activity
Architecture and Engineering Occupations, with a share of 15%, was the occupation with the greatest hiring activity in the global construction industry in Q1 2023, ahead of Management Occupations with a 14% share of job postings.
The other prominent roles include Installation, Maintenance, and Repair Occupations with a 6% share in Q1 2023, Office and Administrative Support Occupations with a 7% share and Business and Financial Operations Occupations with a 5% share of new job postings.
Top five companies in construction industry accounted for 20% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 20% share of the overall hiring activity in the global construction industry in Q1 2023.
Black & Veatch posted 29,451 jobs in Q1 2023 and registered a growth of 43% over the previous quarter, followed by CDM Smith with 15,075 jobs and a 44% decline. Jones Lang LaSalle with 7,455 jobs and CBRE Group with 7,242 jobs, recorded a 13% decline and a 112% rise, respectively, while Eaton recorded a 128% rise with 7,184 job postings during Q1 2023.
Hiring activity was driven by North America with an 68% share of total new job postings, Q1 2023
North America held the leading share of the new job postings in the global construction industry with an 68% share, a 3% higher over Q4 2022. Europe stood next with 19%, registering a 24% decline over the previous quarter.
Asia-Pacific with an 11% share marked a 17% drop over Q4 2022. The Middle East & Africa and South & Central America accounted for shares of 2% and 7% respectively.
For further understanding of GlobalData's Construction Market Size, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
