At the end of November 2023, the construction industry had 459,000 job openings, according to Associated Builders and Contractors' analysis of U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS) data, which defines a job opening as any unfilled position for which an employer is actively recruiting. That was an increase of 43,000 from October 2023 and an 111,000 increase compared with November 2022.
“The number of open, unfilled construction positions increased to the highest level since the end of 2022,” said ABC Chief Economist Anirban Basu. “November’s 5.4% job opening rate is higher than at any point from the start of the data series in 2000 to the end of 2021. Contractors continue to grapple with skilled labor shortages even as the demand for and supply of labor in the broader economy rebalances.
Advertisement
Related Stories
Labor + Trade Relations
Who's Earning What in Construction
Workers in construction management roles may earn a higher median wage, but on average, lower-paid occupations have experienced somewhat faster wage growth
Construction
Proven Ways to Improve Jobsite Productivity
Consider these solutions for reducing cycle time, hard costs, dry runs, rework, miscommunication, and overall inefficiencies on the jobsite
Labor + Trade Relations
Residential Building Workers See Jump in Wage Growth
Housing industry worker wages have been trending upward over the past eight months, but February saw wages grow the fastest they have in more than two years
