UCA Annual Spring Showcase

Consensus and Government Forecasts CONSENSUS CONSTRUCTION FORECAST, DECEMBER 2021 Click on each name to see their forecast Chart 1. Projected employment change by occupational group, 2020-2030 (percent) Expected recovery from COVID-19 recession Estimated Forecast Consensus % Change 2021 2022 2023 Dodge Construction Network Nonresidential Total 5.4 6.1 IHS Markit Commercial Total 4.7 5.3 Office ☐ 0.8 3.6 Healthcare support Personal care and service Food preparation and serving related Computer and mathematical Arts, design, entertainment, sports, and media Community and social service Healthcare practitioners and technical Educational instruction and library Management Transportation and material moving Moody's Analytics Retail & Other Commercial 7.5 4.9 Legal FMI Hotel Industrial Total 1 10 -0.4 13.5 9.4 8.4 Institutional Total 4.4 6.0 ConstructConnect Associated Builders and Contractors Wells Fargo Securities Health Education Religious Public Safety Amusement & Recreation 6.2 6.0 3.5 6.1 ☐ -1.1 1.2 -1.3 5.6 26 Protective service Business and financial operations Life, physical, and social science Total, all occupations Building and grounds cleaning and maintenance Installation, maintenance, and repair Construction and extraction Architecture and engineering Farming, fishing, and forestry Production Sales and related Office and administrative support 7.7 6.0 Markstein Advisors -5 5 10 15 Note: Expected recovery from COVID-19 recession represents the reversal of declines in employment between 2019 and 2020 for occupational groups that experienced declines during that period. 0 20 25 Source: American Institute of Architects Consensus, 2022 Source: Bureau of Labor Statistics, 2021 Frank Manzo IV, MPP | Illinois Economic Policy Institute | www.illinoisepi.org

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