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Number of Open Construction Jobs Hits Five-Year High
Robert Dietz / NAHB / August 6, 2013
New government employment data indicate that the June count of construction sector job openings was the highest total since May 2008. While the increase in unfilled positions is consistent with the uptick in construction sector activity, particularly for home building, the data reflect only modest increases in total employment thus far. The rising count of open positions is thus consistent with reports of local labor shortages.
For the construction sector, Job Openings and Labor Turnover Survey (JOLTS) data from the Bureau of Labor Statistics (BLS) indicate that gross hiring declined, falling from 317,000 to 300,00 from May to June. The hiring rate, as measured on a 3-month moving average basis, continued to slow, falling to 5.2% in June.