Peak Construction Employment

The following chart shows the 5-year moving average of construction employment. I have added a parabolic trend floor in red.


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No matter how big the boom gets, we always seem to make it back to the parabolic floor. Here's a closer look at the most recent boom and bust.


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For what it is worth, I think this trend will fail to the downside well before 2055. A lot can happen in 40 years.

2007
Conceptual Design and Feasibility Analyses of a Robotic System for Automated Exterior Wall Painting

The economic analysis results also showed that it could gain 47% of annual painting cost savings compared to the conventional method. It was also expected that the economic benefits of the automated method will be much greater when considering more realistic number of workable days and contract volume per year, large number of laborer reduction, and safety and quality improvement in the automated method. A sensitivity analysis was extensively conducted to verify the superiority of the automated method over the conventional method as well.

Source Data:
St. Louis Fed: All Employees: Construction