flexiblefullpage
Currently Reading

Construction Job Openings Fell in February

Advertisement
billboard
Labor + Trade Relations

Construction Job Openings Fell in February

As the housing market cools, construction job openings are trending lower, but hiring and recruiting skilled laborers remains a top priority for most construction firms


April 4, 2023
Construction worker holding yellow hard hat
Image: 50photography / Stock.adobe.com

After an elevated 11.2 million reading in December 2022, the highest level recorded since July, the count of open, unfilled jobs for the overall economy fell in February to 9.9 million, and more declines are expected in 2023 as the labor market softens and unemployment rises. 

The construction job openings rate decreased to 4.9% in February after a data series high of 5.8% in December 2022, suggesting that the construction labor market may have peaked in 2022 and is now entering a cooling stage as the overall housing market weakens, NAHB Eye on Housing reports.

Despite the weakening that will occur in 2023, the housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory. Hiring in the construction sector ticked down to a still solid 4.7% rate in February. The post-virus peak rate of hiring occurred in May 2020 (10.4%) as a post-covid rebound took hold in home building and remodeling.

Read more

Advertisement
leaderboard2

Related Stories

Education + Training

Family-Owned Construction Company Provides Scholarships for Clemson Students

Georgia-based Pattillo Construction Corporation recently donated $600,000 to create scholarships for architecture, construction science and management, and engineering students at Clemson University

Education + Training

Texas High School Introduces Construction Booster Club

High school trade students in Seguin, Texas, are getting tools and classroom resources with the help of a new Construction Trades Booster Club

Education + Training

MPC Developer Partners With Local Trade Students

A California developer is enlisting the help of local trade students for a new master planned community project

Advertisement
boombox2

Top Articles

Advertisement
boombox1
Advertisement
native1
halfpage2

More in Category

COVID-19 may be easing its grip on the U.S. after a disastrous two years, but lingering supply chain disruptions have builders holding onto their pandemic business tactics

An archive of NHQA-winning companies that represent home building's best in Total Quality Management

Don’t let the current hype about single-family B2R communities obscure the need to create long-term sustainability and asset value

Advertisement
native2
Advertisement
halfpage1

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.