Job Opening and Labor Turnover Survey for January 2020

The Bureau of Labor Statistics has just posted its Job Opening and Labor Turnover Survey (JOLTS) for January. Given the current global pandemic and its impact on construction, the JOLTS data definitely does not help provide a clear picture of today. However, it does provide a good description where the economy was prior to COVID-19 virus arriving in the U.S.  The January 2020 data indicates that construction job openings posted year-over-year declines. The estimated job openings declined from 299,000 in January 2019, to 274,000 in January 2020. However, expected economic slowing due to the coronavirus is likely to have measurable impacts on the number of construction job openings in the months ahead.

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