The construction industry had 264,000 job openings on the last day of February, a 22,000 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 38.9%, representing 165,000 fewer jobs.
“Construction industry hiring continued to pick up in February, accelerating to the fastest rate since the first half of 2024,” Associated Builders and Contractors Chief Economist Anirban Basu said in a statement. “However, industrywide job openings remain subdued compared to this time last year. Still, there are signs that construction workers retain outsized leverage compared to their employers. Contractors remain reluctant to lay off workers, while construction workers quit their jobs at the fastest pace since last May.”
Read the full report here.
