Charts: Construction Hiring Roars Back in May

Originally published by: NAHBJuly 7, 2020

The following article was produced and published by the source linked to above, who is solely responsible for its content. SBC Magazine is publishing this story to raise awareness of information publicly available online and does not verify the accuracy of the author’s claims. As a consequence, SBC cannot vouch for the validity of any facts, claims or opinions made in the article.

After an accelerated pace of layoffs in March and April, construction sector hiring roared back in May, per data from the BLS Job Openings and Labor Turnover Survey (JOLTS).

In May, the hiring rate increased to 9.6%, after a subdued 3.7% rate in April. This was the strongest rate of hiring in the history of the JOLTS data.

The increase in hiring also lifted the open jobs rate to 4.9% in May, with a 365,000 total of open construction sector jobs. The open job count was just 247,000 in April. While growing, the current total represents a year-over-year decline compared to 373,000 in May 2019.