The number of open, unfilled construction sector positions increased noticeably in February. Overall, the construction labor market has been characterized by relatively higher levels of turnover over the last few months, with an increase in hiring and quits at the end of 2014 and an upward trend in job openings.
According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs for February (on a seasonally adjusted basis) increased to 166,000 from an upwardly revised count of 137,000 in January.
The February 2015 estimate of unfilled construction jobs is the highest total since July of 2007.
On a three-month moving average basis, the open position rate for the construction sector increased slightly to 2.27% in February. Over the last year, the open construction jobs rate has typically been higher than the rates that were experienced during the 2001-2003 period prior to the building boom. The open rate has been trending upward since 2012.
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