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By Robert Dietz
Copyright © National Association of Home Builders
The count of unfilled jobs in the overall construction sector increased significantly in December, even as hiring in the home building sector has grown.
According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a seasonally adjusted basis) increased to 207,000 in December from 138,000 in November. The December estimate solidly beats the previous cycle high of 168,000 open positions set during March and represents the highest count of job openings since early 2007.
On a three-month moving average basis, the open position rate (job openings as a percent of total employment) for the construction sector increased to 2.3% for December. The overall trend for open construction jobs has been an increasing since the end of the Great Recession. This is consistent with ... Read the entire blog at the NAHB website.
