The construction industry had 217,000 job openings on the last day of December 2024, a 55,000 decrease 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 50.0%, representing 217,000 fewer jobs.
“Construction industry hiring slowed to an unprecedented pace in December,” Associated Builders and Contractors Chief Economist Anirban Basu said in a statement. “The hiring rate fell to 3.6% for the month, the lowest level on record aside from the pandemic-affected month of April 2020. This slowdown is a direct result of diminished demand for labor; industrywide job openings have fallen exactly 50% over the past year.”
Read the full report here.
