The construction industry had 248,000 job openings on the last day of April, a 3,000 decrease from the previous month, according to the U.S. Bureau of Labor Statisticsâ Job Openings and Labor Turnover Survey.
On a year-over-year basis, construction job openings were down 23.9%, representing 78,000 fewer jobs.
âConstruction labor market churn remained unusually slow in April,â Associated Builders and Contractors Chief Economist Anirban Basu said in a statement. âThe rates of hires, layoffs and quits are all low by historical standards, and industrywide job openings have fallen 45% since reaching an all-time high in December 2023. Despite stagnant workforce dynamics and emerging weakness in construction spending data, approximately 57% of contractors intend to increase their staffing levels over the next six months, according to ABCâs Construction Confidence Index.â
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