flexiblefullpage - default
Currently Reading

Have Construction Job Openings Already Peaked?

billboard - default
Labor + Trade Relations

Have Construction Job Openings Already Peaked?

After peaking in April 2022, the count of unfilled construction jobs is trending lower as the housing market slows

January 5, 2023
Yellow construction hard hats stacked
Image: Stock.adobe.com

The count of open, unfilled jobs for the overall economy declined to 10.46 million in November from 10.51 million open positions the month prior. Job openings are down significantly from 10.92 million last year, revealing a slowdown in the labor market likely due to tighter monetary policy as the Fed works to tame rampant inflation, NAHB Eye on Housing reports. 

Open construction jobs decreased month-over-month from 390,000 to 388,000 in November, though that share is well above the 366,000 estimate from a year ago. The total count of unfilled positions is expected to fall throughout 2023, but recruiting, training, and retaining skilled workers remains a top priority for construction firms and all employers in the year ahead.

The construction job openings rate was relatively unchanged this month, holding at 4.8%. The data series high rate of 5.5% was recorded in April 2022. Given the outlook for construction, it now seems clear the count and rate of open, unfilled positions for the construction industry peaked in 2022 and is now trending lower as the housing market slows.

Read more

Related Stories

Education + Training

Stockton High School Students Build Tiny Homes to Give Back to Their Community

High school students in Stockton, Calif., are constructing tiny homes for local families in need


The Right Immigration Reform Means More Affordable Homes

A national political stalemate over immigration reform has caused a dangerous ripple effect in housing's construction workforce

Building Materials

Construction Material Prices Fell for the Second Straight Month in April

Construction input prices are falling after the pandemic’s historic inflation rates, and these materials are seeing the biggest annual price changes

boombox1 -
native1 - default
halfpage2 -

More in Category

native2 - default
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
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.