Eye On Housing
In the August labor market data, job openings for the overall economy remained elevated at 10.4 million open positions. What had been a challenge in certain sectors, like construction, continues as a broad labor access issue as businesses seek workers as the economy expands. The count of open construction jobs was stable at 344,000 unfilled positions, according to data from… Read More ›
In the July labor market data, job openings for the overall economy increased to 10.9 million open positions. What had been a challenge in certain sectors, like construction, continues as a broad labor access issue as businesses seek workers as the economy reopens. The count of open construction jobs weakened in July to 321,000 unfilled positions, according to data from… Read More ›
In the June labor market data, job openings for the overall economy increased to 10.1 million open positions. What had been a challenge in certain sectors, like construction, is now a broad labor access issue as businesses seek workers as the economy reopens. The count of open construction jobs increased in June to 339,000 unfilled positions, according to data from… Read More ›
The count of open construction jobs declined in May to 299,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory. Overall, hiring in the construction sector remained strong in May, ticking down to a 4.2% rate…. Read More ›
The count of open construction jobs increased in April to 357,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory. Overall, hiring in the construction sector slowed in April, declining to a 4.5% rate. The recent… Read More ›
Job openings in construction declined in February to 266,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). Hiring appeared to gain steam in February, although this was perhaps just statistical noise for the monthly data. However, March payroll employment numbers indicate strength ahead for the JOLTS construction data. Overall, hiring in the construction… Read More ›
Job openings in construction increased in January to the highest count since the Fall of 2019 according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). Hiring in construction was strong as 2021 began. However, construction employment did decline in February as material prices increased. The JOLTS data is reported with a one-month lag, so the February… Read More ›
Job openings in construction declined in December as hiring slowed, albeit with distinctions between residential and nonresidential construction. As detailed in the January employment report, there were 2,500 lost total construction sector jobs for the start of the year. Nonetheless, for home building and remodeling, sector employment is 27,600 positions higher than a year prior. Overall, hiring in the construction… Read More ›
Job openings in construction remained steady in November as net job gains continued, albeit with distinctions between residential and nonresidential construction. As detailed in the December BLS employment data, over the past eight months job gains in residential construction have offset all of the jobs lost in March and April. Sector employment now stands higher than in February. In contrast, only… Read More ›
Job openings in construction slowed again in October, as the sector experiences a two-tier recovery. As detailed in the November BLS employment data, over the past seven months, job gains in residential construction offset 96% of the jobs lost in March and April, in contrast to the 58% job recovery in nonresidential construction. On net, this has left job openings… Read More ›