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Construction Sector Continues to Rebound with More Open, Unfilled Jobs

The National Association of Home Builders has reported recently on the rebounding housing industry, as well as the economy as a whole, in the second quarter of 2014. The latest news from the organization points to further proof of this revival with the rise of open, unfilled jobs in the construction sector.

According to the May BLS Job Openings and Labor Turnover Survey (JOLTS), the total number of unfilled construction jobs rose from 92,000 in April to 130,000 in May, on a seasonally-adjusted basis. The latest figure is the third highest since the Great Recession ended.

Additional trends within the construction sector have industry experts taking notice as well. The sector’s layoff rate is continuing to fall, based on a 12-month moving average. Also, the unemployment rate for this workforce is down to 9.1 percent for June from 10.8 percent one year ago.

Read the full article from NAHB here.

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