ABC Analysis: Unfilled Construction Job Openings Increased in April
Construction Backlog Rises in May
WASHINGTON, D.C. — The construction industry registered 449,000 job openings in April, according to an Associated Builders and Contractors (ABC) analysis of data from the U.S. Bureau of Labor Statistics’ Job Opening and Labor Turnover Survey (JOLTS). The JOLTS survey defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 23,000 last month and are up 120,000 from the same time last year.
According to ABC, the marketplace still favors employees as opposed to employers, with construction workers quitting their jobs at a faster rate than they were laid off or discharged in April. The quit rate was tracked at 2.9%, well above the layoff and discharge rate of 1.5%. This is the 14th consecutive month where quits outpaced layoffs and discharges.