The state’s labor market is projected to expand by nearly 27,000 jobs during a two-year period ending late next year, led by strong gains in the construction sector, according to a report released by the state today.

The expected gain of 26,690 jobs between the third quarter of 2012 and the third quarter of 2014 represents an increase of 4 percent, the state Department of Labor and Industrial Relations reported.

Topping the list of industry sectors is construction, which is forecast to post job growth of 6.4 percent annually during the two-year period.

"While tourism and its related industries will continue to be a major part of Hawaii’s economic revival, expansion in the construction industry at 6.4 percent will lead all industries during the forecast period," according to the report.