Construction Workers in Demand
Recent labor market indicators signal good news ahead for job creation and housing demand, with the number of open, unfilled construction sector positions increasing in November and revised up for October, according to analysis by the NAHB.
According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs for November rose to 145,000, the 3rd highest total of unfilled jobs in construction during the post-recession period.
Over the last year, the open construction jobs rate has typically been higher than the rates that were experienced during the 2001-2003 period prior to the building boom.The sector hiring rate, as measured on a three-month moving average basis, declined in November to 5%, after a significant rise during the summer.
In December, home builders and remodelers added 13,500 jobs to the residential construction sector on a seasonally adjusted basis. Over the last 12 months, the industry has created 132,000 jobs.
Find the National Association of Home Builder's full press release here.
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