The construction industry had 248,000 job openings on the last day of March, a 38,000 decrease from February, 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 26.6%, representing 90,000 fewer jobs.
“Construction job openings continued to trend lower in March, a clear sign of slowing industrywide demand for labor,” Associated Builders and Contractors Chief Economist Anirban Basu said in a statement. “Hiring activity was particularly weak for the month, with the 302,000 hires equivalent to just 3.6% of industrywide jobs—the lowest rate ever recorded.
Read the full report here.
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