The construction industry had 249,000 job openings the last day of October, down nearly 40% from October 2023, according to the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey.
Industry job openings decreased by 9,000 from the last day of September.
“While JOLTS data can be volatile from month to month, especially at the industry level, the decline in unfilled construction positions is undeniable over the past few quarters,” Associated Builders and Contractors Chief Economist Anirban Basu said in a statement. “On average, just 3.4% of industrywide positions were open over the past six months, the lowest rate since 2020.”
Read the full report here.
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