Need For Construction Workers Continues Growing
The number of open, unfilled construction sector positions increased noticeably in February, writes Robert Dietz in the NAHB's Eye on Housing. Based on the association's analysis of Job Openings and Labor Turnover Survey, open construction jobs for February increased to 166,000 from January's upwardly revised count of 137,000.
Overall, he wrote, construction labor has been characterized by relatively higher levels of turnover over the last few months, with an increase in hiring and quits at the end of 2014 and an upward trend in job openings. The February 2015 estimate of unfilled construction jobs is the highest total since July of 2007. You can find his article here.
In March, home builders and remodelers lost 2,800 jobs on a seasonally adjusted basis, the first monthly drop since May 2012. However, over the last 12 months, the industry has created 136,000 jobs.
Since the low point of industry employment following the Great Recession, the residential construction industry has gained 431,700 positions, although employment remains 1.032 million lower than the peak level seen in early 2006. The industry has been adding on average just under 10,000 jobs per month over the last six months.
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