Job Openings and Labor Turnover Survey (JOLTS) data for September from the Bureau of Labor Statistics show that job openings are starting to pick up, especially in the construction sector.
Nov. 18, 2011
Job Openings and Labor Turnover Survey (JOLTS) data for September from the Bureau of Labor Statistics show that job openings are starting to pick up, especially in the construction sector, according to the National Association of Home Builders (NAHB) blog.
Construction hiring (both residential and non-residential) took a surprising jump in September, with the hirings rate increasing to 7.3%, the highest rate since early 2004. The September data are consistent with the improving trend in construction hiring.
The total number of construction hires in September (404,000) was the highest monthly total since the beginning of 2007. Total construction sector hires in 2011 are still on pace to exceed total separations for the first time since 2006, with hires now exceeding quits, layoffs, and other separations by 37,000 positions.
