The construction industry had 370,000 job openings on the last day of August, a 138,000 increase from the previous month, according to the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey.
On a year-over-year basis, construction job openings were down 4.1%, representing 16,000 fewer jobs.
“Construction job openings rebounded sharply in August, exhibiting the largest one-month increase on record,” Associated Builders and Contractors Chief Economist Anirban Basu said in a statement. “Much of this surge is likely due to the effects of Hurricane Beryl on July’s job openings data. Despite this bounceback, industrywide job openings are still down 19% since hitting a cyclical peak in February, a reflection of moderating activity in the face of high interest rates and economic uncertainty.”
Read the full report here.
