From Zandi's perspective, the potential is in place because the economy is on track to create 2 million jobs this year. As long as the recovery maintains at its current pace, 8 million jobs would be created over the next four years.
A good batch of those jobs should come from more home building and commercial construction, which are still at incredibly low levels of activity, and "will increase substantially," he said.
"Even under very conservative assumptions" 4 million jobs could be created over the next four years in construction and construction-related industries like manufacturing, transportation, distribution and financial services.
"The economys fundamentals have improved significantly since the recession, and this will shine through in the next several years," Zandi said.
The Labor Department has projected that employers will create 20.5 million jobs from 2010 to 2020 with the healthcare sector expected to grow the most rapidly, while construction jobs could struggle to recover positions lost during the recession.