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Construction Job Openings Rose to Third Highest Share on Record in December

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Labor + Trade Relations

Construction Job Openings Rose to Third Highest Share on Record in December

The number of unfilled construction jobs at the close of 2022 was the third highest on record, and contractors could have even more difficulty attracting skilled workers in 2023


February 2, 2023
Construction workers standing in line holding hard hats
Image: Stock.adobe.com

The construction industry reported a total of 413,000 job openings in December, the third highest share on record, according to Construction Dive. Labor shortages have created a decades-old barrier for the home building industry, and as a housing shortage now exacerbates an existing affordability crisis in an economy rattled by inflation, hiring skilled workers remains a top priority for contractors in the year ahead.

In the broader economy, job openings were roughly 57% above pre-pandemic levels, and that elevated share means contractors will be forced to compete with other industries and employers for workers in 2023.

As contractors have increased wages in an attempt to keep up with inflation, it hasn’t always been enough. Indeed, workers want more now from a job in construction, including stability, benefits and a culture that can nurture a long-term career. Otherwise, they can turn to one of the other industries with high demand for new blood.

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