Construction Job Openings End 2020 Lower

The U.S. Bureau of Labor Statistics (BLS) has reported that the unemployment rate fell by 0.4% point to 6.3% in January, while nonfarm payroll employment changed little (+49,000). The BLS says the labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic and efforts to contain it. A closer look at the Bureau of Labor Statistics January 2021 Employment Summary, with an emphasis on construction, reveals that construction employment changed little over the month (-3,000), after having increased for the previous 8 consecutive months. Since February 2020, employment in the construction industry has declined by 256,000 positions. With non-residential construction bearing the brunt of the losses.