U.S. Residential Construction Sector Job Openings Inched Higher in May
Flat Job Openings for Construction
A closer look at the Bureau of Labor Statistics (BLS) Job Openings and Labor Turnover Survey for May, released on Tuesday (7-1-25), with a focus on residential job openings, with additional analysis provided by the National Association of Home Builders (NAHB), reveals that the number of open construction sector jobs was effectively unchanged from a revised 242,000 in April to 245,000 in May.
The NAHB notes that the May increase nonetheless marks a significant reduction of open, unfilled construction jobs than that registered a year ago, when it was 375,000, due to a slowing of construction/housing activity. With the construction job openings rate, now nearing the lows of 2019.
The construction job openings rate was steady at 2.8% in May, although significantly lower year-over-year from 4.4%.
The layoff rate in construction held at 2% in May. The quits rate increased on a monthly basis to 2.3%, the same as a year ago.
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