Construction Employment Opportunities Growing
Your contractor customers have filled more than 300,000 jobs in the past three years, and the number of open, unfilled jobs showed a slight increase in June, representing the fourth highest month for open construction jobs since the recession ended, reports Robert Dietz in the NAHB's Eye on Housing.
According to the Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS), the number of open construction sector jobs increased on a seasonally adjusted basis from a downwardly revised 125,000 in May to 127,000 in June. Though the open rate has declined in recent months it remains above any after the recession and before 2013.
Click here for the full article and to see an interesting chart on construction job opening, hiring and layoff rates. The graph shows there's a long way to go to hit pre-recession numbers.
Dietz says notes two key trends from the data. First, average layoff rate continues declining. Second, hiring rate has also fallen since last fall. With hiring rates falling, open job rates increasing and layoff rate decreasing, the trend is consistent with some construction firms having trouble employing workers for specific projects.
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