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The Construction Industry, One of the Sectors that Didn’t Stop During the Pandemic, Created Various Job Opportunities and Still Drives the Economy
The construction sector was one of the few that continued to operate during the Covid-19 pandemic. It was one of the segments that generated the most job opportunities in 2020, and already in 2021, various indices show significant hiring results. Experts previously indicated that after overcoming the challenges of material shortages and rising prices, the construction sector should continue to thrive in 2021, potentially generating another 200,000 jobs this year.
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Indices of the Construction Industry During the Pandemic
In analyzing the industry and its market, several factors working together contributed to this good performance. One of them is related to the personal data of consumers. Due to social isolation and remote work, many people have turned their attention to their living environment, seeking to renovate and replace their existing homes for larger and more comfortable spaces. This behavior fuels and promotes the sale of new properties.
Being one of the segments that continued activities, construction projects, which do not require highly skilled labor, guaranteed various job opportunities for economically vulnerable individuals. It was the sector that created the most opportunities, both with formal contracts and with informal or freelance workers last year.
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Chinese giant GWM accelerates expansion in Brazil with a new billion-dollar factory, bets on exports, and prepares an offensive with electrified cars to dominate the market.
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A traditional SC supermarket will be demolished to make way for a new R$30 million unit in Porto Belo, featuring 4,400 sq m, 140 parking spaces, and a promise to accelerate the chain’s expansion on the Santa Catarina coast.
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China sends to Brazil a “tatuzão” of 2,600 tons and 133 meters to open tunnels up to Guarulhos and put São Paulo before the largest subway machine ever used in Latin America.
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Chile accelerates a billion-dollar pivot: 38 energy storage systems are already under construction, totaling 4.6 GW, representing US$ 4.1 billion, and could enable the country to meet by 2027 the goal that seemed distant for 2050.
Job Creation
The city of Maringá, in the state of Paraná, is an example; according to data from the job balance released by Caged, the construction sector performed best among the recent job opportunities created. In 2021, this indicator continues to show growth, with an increase in formal job numbers in January, which had a net gain of 249.
The construction area generates 10,938 formal job positions in Maringá, accounting for 7.3% of the total formal job vacancies in the city, injecting about 23 million reais into the economy per month through salary payments.
The segments of the construction industry that created the most jobs in 2020 were real estate developments, energy projects, telecommunications, water, sewage, and pipeline transportation. In January 2021, the area of construction that stood out was building construction.
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