Construction Job Openings Increase

The Great Recession that began in 2007 hit the construction industry hard.  Many jobs were lost and countless construction workers had to change their line of work. Fortunately, since the end of the Great Recession, the amount of open construction jobs has increased.

Access to labor has been a challenge with the high demand for construction workers according to a survey done on the Construction Labor Market. The National Association of Home Builders (NAHB) predicts the sector net hiring to continue in 2018 as the single-family construction market booms.

The BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB report that the number of open jobs in the construction sector went from 202,000 in June of 2017 to 263,000 in July of this year. The open position rate which is defined as job openings as a percentage of total employment plus current job openings rose to 3.5% in June from post-recession of 3.1%.

Labor access will continue to be a challenge for 2018 however more jobs equals more opportunities.

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