The construction industry registered 434,000 job openings in May, according to an Associated Builders and Contractors’ analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. The JOLTS survey defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings decreased by 6,000 in May but are up 126,000 from the same month last year.
Construction workers again quit their jobs at a faster rate than they were laid off or discharged in May. The quits rate of 2.9% was meaningfully above the layoff/discharge rate of 1.4%. May represented the 15th consecutive month during which quits outpaced or equaled layoffs and discharges.
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