Construction counted 350,000 job openings on the last day of August, according to the Bureau of Labor Statistics. The number of jobs dropped less than 1% from July, but was up about 1.5% year over year.
The rate of jobs for which employers in construction are actively recruiting has remained largely unchanged this summer: From May to August the rate has decreased slightly from 4.6% to 4.2%.
Notably, the number of quits in construction dropped by 15,000 from July to August, which Anirban Basu, chief economist for Associated Builders and Contractors, attributed to labor constraints easing in industries that compete with construction for labor. Quits can indicate workers’ ability and willingness to leave jobs to pursue other positions
