Posted in Industry News
Construction Employment Up From One Year Ago
July 2014 saw a spike in construction sector hiring, which led to a decreased number of open jobs in August. However, the current number of available construction positions is still higher than the total recorded in July 2013, according to a new report from the National Association of Home Builders.
The latest Job Openings and Labor Turnover survey (JOLTS) from the Bureau of Labor Statistics showed the number of unfilled construction sector jobs in August was down to 115,000 from a July number of 139,000. Since July saw such a notable rise in construction hiring, reaching almost 400,000, a monthly high since the housing downturn began, August’s supply of job openings naturally saw a decrease.
As far as the overall hiring rate in the construction sector, though, as measured on a three-month moving average basis, it stayed relatively the same at 5.17 percent in August.
Read the full article from NAHB here.
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