Eye On Housing
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 ›
The construction labor market experienced a reduced level of turnover in the September BLS JOLTS (Job Openings and Labor Turnover) data. The construction sector hiring rate slowed somewhat in September, coming in at 5.3%, after 5.5% gains in August and July. The peak rate of hiring in 2020 occurred in May (9.7%). Construction sector layoffs have been low since May… Read More ›
The shock and fallout to the construction labor market from the recession of 2020 continued in early Fall as housing activity strengthened due to low interest rates. After an accelerated pace of layoffs in March and April, construction hiring roared back in May and June, per data from the BLS Job Openings and Labor Turnover Survey (JOLTS). More recent July… Read More ›
After an accelerated pace of layoffs in March and April, construction hiring roared back in May, increasing the count of open jobs in July per data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The rebound for construction is concentrated in the residential building sector. The pace of construction rehiring increased the open jobs rate to 4.4% in… Read More ›