The construction industry had 248,000 job openings on the last day of July, a 51,000 decrease from the last month, according to the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey.
Construction job openings were down 29.3%, representing 103,000 fewer jobs between July 2024 and July 2023.
“Construction job openings plunged for the second straight month in July,” Associated Builders and Contractors Chief Economist Anirban Basu said in a statement. “Much of this decline is likely due to the residential sector. More housing units were completed in June than in any month dating back to 2007, and the number of housing units under construction has fallen about 8% since the start of the year.”
Read the full report here.
