The construction industry registered 449,000 job openings in April, according to an Associated Builders and Contractors’ analysis of data from the U.S. Bureau of Labor Statistics’ Job Opening and Labor Turnover Survey. 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.
As an indication of a marketplace that still favors employees as opposed to employers, construction workers quit their jobs at a faster rate than they were laid off or discharged in April. The quits rate of 2.9% was meaningfully above the layoff/discharge rate of 1.5%. April represented the 14th consecutive month during which quits outpaced or equaled layoffs and discharges.
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