The construction industry had 276,000 job openings on the last day of November 2024, a 17,000 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 39.2%, representing 178,000 fewer jobs.
“Construction hiring fell to the second-slowest rate on record in November 2024,” Associated Builders and Contractors Chief Economist Anirban Basu said in a statement. “That’s especially meaningful given that the slowest rate occurred in April 2020 as the pandemic brought construction activity to a standstill.”
Read the full report here.
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