Currently Reading

Construction Labor Market Remains Strong, Sees Reduced Turnover


Construction Labor Market Remains Strong, Sees Reduced Turnover

November 11, 2020
Construction worker observing excavation
Photo: sculpies

Since March, the construction labor market has continued to see a strong recovery. The hiring rate for the construction sector saw its peak in May with an occupational gain of 9.7% and the rate remained strong and steady from August to July. In September, hiring rates dropped slightly to 5.3%, but the turnover rate in September also dropped, according to the National Association of Home Builders. The layoff rate has come down significantly from its peak in April at 10.8%. Now, the September layoff rate floats at 1.4%, the lowest rate in the entire data series, which began tracking numbers in 2001.

The job openings rate in construction declined in September to a 3.1% rate, with 229,000 open positions in construction. This is lower than the 333,000 count recorded a year ago, as the construction labor market adjusts to the new post-virus crisis period.

Looking forward, the job openings rate is likely to experience choppiness in the months ahead given divergent outlooks within the construction industry. Home building and remodeling are relative bright spots for the overall economy, while nonresidential construction will experience greater headwinds. 

Read More

Related Stories

Off-Site Construction

More Builders Want to Use Off-Site Construction Methods, Survey Finds

A survey of 300 builders found that more are interested in increasing their use of off-site construction practices within the next five years,…


New Construction Hits Record Highs as Inventory Posts Record Lows

The housing shortage worsened in April by reaching a new low, but March’s increase in new construction could bring much needed relief. Active…

Coronavirus Resources and Information

Construction Workers Top the List of Most Hesitant to Get Vaccinated

According to a study from Carnegie Mellon University and the University of Pittsburgh, nearly half of surveyed construction workers said they…


More in Category


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
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.