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The number of open positions in the construction sector increased in June, per the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down measurably from three years ago due to declines in construction activity, particularly in housing. Recent gains for nonresidential construction have increased demand for construction labor, although they have not fully offset the weakness present in the residential construction sector. Nonetheless, strength in construction for subsectors like data center construction (up 46% year-over-year) is creating demand for construction workers.

The number of open jobs for the overall economy was roughly flat in June, remaining near 7.40 million. The June reading was somewhat higher than a year ago (7.2 million). The recent increase in job openings for the overall economy indicates that the labor market remains on solid footing, despite concerns over headline risk and AI.

The number of open construction sector jobs increased for the month, rising slightly from 291,000 in May to 305,000 in June. This total is higher than the total from a year ago (224,000). The chart below notes a declining trend followed by a new range for unfilled construction jobs since the Fed raised the federal funds rate and home building weakened. While home building employment has declined over the last year, other subsectors of the construction industry have expanded (e.g. data center construction). This has produced volatility within a lower range in the job openings series since 2024.

The construction job openings rate increased to 3.5% in June, up from the 2.6% rate estimated a year ago.

The layoff rate in construction was flat at 2% in June. The quits rate increased to 1.8% in June.



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The number of open positions in the construction sector increased in May, per the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down measurably from three years ago due to declines in construction activity, particularly in housing. Recent gains for nonresidential construction have increased demand for construction labor, although they have not fully offset the weakness present in the residential construction sector.

The number of open jobs for the overall economy was flat in May, remaining near 7.59 million. The May reading was also measurably higher compared to a year ago (7.31 million). The recent increase in job openings for the overall economy indicates that the labor market remains on solid footing, despite concerns over headline risk and AI.

The number of open construction sector jobs increased for the month, rising slightly from 266,000 in April to 298,000 in May. This total was higher than the total from a year ago (222,000). The chart below notes a declining trend followed by a new range for unfilled construction jobs since the Fed raised the federal funds rate and home building weakened. While home building employment has declined over the last year, other subsectors of the construction industry have expanded (e.g. data center construction). This has produced volatility within a lower range in the job openings series since 2024.

The construction job openings rate increased to 3.5% in May, up from the 2.6% rate estimated a year ago.

The layoff rate in construction increased to 2.1% in May. The quits rate fell back 1.3% for the month.



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The number of open positions in the construction sector edged higher in April, per the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down measurably from three years ago due to declines in construction activity, particularly in housing. Recent gains for nonresidential construction have not fully offset soft conditions for housing with respect to the demand for construction labor.

The number of open jobs for the overall economy surged in April, increasing from 6.89 million in March to 7.62 million. The April reading was also measurably higher compared to a year ago (7.10 million). It will be worth watching next month to see if these preliminary estimates stand, as the data suggests strength for labor demand, particularly in the professional and business service sectors.

The number of open construction sector jobs increased for the month, rising slightly from 234,000 in March to 259,000 in April. This total was higher than the total from a year ago (207,000). The chart below notes a declining trend followed by stability for unfilled construction jobs since the Fed raised the federal funds rate and home building weakened. While home building employment was declining during the second half of 2025, other subsectors of the construction industry have expanded (e.g. data center construction). This has produced volatility within a reduced range in the job openings series since 2024.

The construction job openings rate increased to 3% in April, up from the 2.4% rate estimated a year ago.

The layoff rate in construction declined slightly to 1.5% in April. The quits rate was unchanged at 1.7% for the month.



This article was originally published by a eyeonhousing.org . Read the Original article here. .


The U.S. labor market showed signs of a modest rebound in March following a weak February, as payroll employment increased and the unemployment rate edged down to 4.3%. Job growth was led by healthcare, construction, and transportation and warehousing. However, signs of cooling are emerging. Job openings posted their largest decline in nearly a year and a half in February, pointing to a potential easing in labor demand. Meanwhile, growing geopolitical uncertainty adds further downside risk to the labor market outlook.

Wage growth slowed in March, with average hourly earnings rising 3.5% year-over-year. This pace is 0.7 percentage points lower than a year ago. Importantly, wage growth has been outpacing inflation for nearly two years, which typically occurs as productivity increases.

National Employment

According to the Employment Situation Summary reported by the Bureau of Labor Statistics (BLS), total nonfarm payroll employment increased by 178,000 in March, following a downwardly revised decline of 133,000 jobs in February. Revisions to prior months were modest overall. The monthly change in total nonfarm payroll employment for January was revised up by 34,000 from +126,000 to +160,000, while the change for February was revised down by 41,000 from -92,000 to -133,000. Combined, these revisions reduced previously reported employment by 7,000 jobs.

Despite March’s rebound, job growth in early 2026 remains well below 2024 levels but better than the 2025 pace. Through March, monthly payroll gains have averaged 68,000, compared with 10,000 per month in 2025 and 122,000 in 2024.

The unemployment rate edged down to 4.3% in March from 4.4% in February. Over the month, the number of persons unemployed decreased by 332,000, while the number of persons employed declined by 64,000.

Meanwhile, the labor force participation rate—the proportion of the population either looking for a job or already holding a job—declined 0.2 percentage points to 61.9%. This marks the lowest level since December 2021 and remains below its pre-pandemic level of 63.3% recorded at the beginning of 2020. Among prime working-age individuals (aged 25 to 54), the participation rate also edged down to 83.8%.

In March, job gains were led by health care (+76,000), construction (+26,000), and transportation and warehousing (+21,000), while federal government employment continued to decline. Since reaching a peak in October 2024, federal government employment has fallen by 355,000, or 11.8%.

Construction Employment

Employment in the overall construction sector rose by 26,000 jobs in March, following a downwardly revised loss of 13,000 in February. Within the industry, residential construction added 14,300 jobs, while non-residential construction increased 12,200.

Residential construction employment now stands at 3.3 million in March, including 932,000 workers employed by builders and remodelers and nearly 2.4 million residential specialty trade contractors.

The six-month moving average of job gains for residential construction turned positive at 800 per month, ending a 14-month stretch of negative readings. However, over the last 12 months, residential construction has shed a net 29,300 jobs, marking the thirteenth consecutive annual decline and the longest stretch of annual losses since the Great Recession. Despite these declines, residential construction has gained 1,318,200 positions from its post-Great Recession low.

Meanwhile, the unemployment rate for construction workers rose to 5.6% in March on a seasonally adjusted basis, though it remains relatively low compared with historical norms.



This article was originally published by a eyeonhousing.org . Read the Original article here. .


Running counter to the data for the full economy, the count of open, unfilled positions in the construction industry increased in December, per the delayed Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down measurably from two years ago due to declines in construction activity, particularly in housing.

The number of open jobs for the overall economy declined as the labor market weakened at the end of 2025, falling from 6.982 million in November to 6.542 million in December. The December reading was down from a year ago (7.508 million).

Previous NAHB analysis indicated that this number had to fall below eight million on a sustained basis for the Federal Reserve to move forward on interest rate reductions. With estimates remaining below eight million for national job openings, the Fed, in theory, should be able to cut further.

The number of open construction sector jobs increased from 284,000 in November to 292,000 in December. This total is higher compared to a year ago (205,000), although the reading is notably lower than two years ago. The chart below notes the declining trend that has been in place for unfilled construction jobs since the Fed raised the federal funds rate and home building weakened. While home building employment was declining during the second half of 2025, other subsectors of the construction industry have expanded (e.g. data centers).

The construction job openings rate increased to 3.4% in December, higher than the 3.2% rate estimated a year ago.

The layoff rate in construction declined to 1.5% in December. The quits increased to 1.5% for the month.



This article was originally published by a eyeonhousing.org . Read the Original article here. .


Job growth continued to slow at the end of the year, reinforcing signs of a cooling labor market. Nonfarm payrolls increased by 50,000 jobs in December, while the unemployment rate edged down slightly to 4.4%. With only 584,000 jobs added over the course of the year, 2025 marked the weakest annual job growth since 2003, excluding the recession years of 2008, 2009 and 2020. December’s job gains were led by food services, health care and social assistance, while retail trade and construction experienced job losses.

Wage growth accelerated in December, rising 3.8% year over year. This marked a 0.2 percentage point increase from the previous month, though it still remained 0.2 percentage points lower than a year ago. Wage growth has been outpacing inflation for nearly two years, which typically occurs as productivity increases.

National Employment

According to Employment Situation Summary reported by the Bureau of Labor Statistics (BLS), total nonfarm payroll employment rose by 50,000 in December, following a downwardly revised gain of 56,000 jobs in November. Through December, average monthly job growth in 2025 stood at just 49,000, well below the 168,000 monthly average recorded in 2024.

Payroll estimates for the previous two months were revised lower. October’s growth was revised down by 68,000, from -105,000 to -173,000. November job growth was revised down by 8,000, from +64,000 to +56,000. Combined, these revisions erased 76,000 jobs from previously reported figures.

The unemployment rate edged down slightly to 4.4% in December, following a downward revision of 4.5% in November. Over the month, the number of persons unemployed declined by 278,000, while the number of persons employed increased by 232,000.

Meanwhile, the labor force participation rate—the proportion of the population either looking for a job or already holding a job—decreased by 0.1 percentage points to 62.4%. This remains below its pre-pandemic level of 63.3% recorded at the beginning of 2020. Among prime working-age individuals (aged 25 to 54), the participation rate was unchanged at 83.8%, the highest level since September 2024.

Industry-level data further point to a cooling market. Leisure and hospitality added 47,000 jobs in December, while health care and social assistance employment increased by 38,500. In contrast, retail trade and construction posted job losses as well as several other major industries including manufacturing, trasportation and warehousing, and professional and business services, suggesting that hiring softness is broadening across the economy.

Construction Employment

Employment in the overall construction sector declined by 11,000 jobs in December, after a downwardly revised gain of 22,000 in November. Within the industry, residential construction shed 3,100 jobs, while non-residential construction lost 7,800 positions.

Residential construction employment now stands at 3.3 million in December, including 952,000 workers employed by builders and remodelers and approximately 2.4 million residential specialty trade contractors.

The six-month moving average of job gains for residential construction remains negative, at a loss of 3,017 per month, reflecting losses in four of the past six months. Over the last 12 months, residential construction has seen a net loss of 41,400 jobs, marking the eighth consecutive annual decline and the longest stretch of annual losses since the Great Recession. Since the low point following the Great Recession, residential construction has gained 1,336,100 positions.

In December, the unemployment rate for construction workers rose to 5.3% on a seasonally adjusted basis. While higher than in recent months, the rate remains relatively low compared with historical norms.



This article was originally published by a eyeonhousing.org . Read the Original article here. .


The count of open, unfilled positions in the construction industry increased in November, per the delayed Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down measurably from two years ago due to declines in construction activity, particularly in housing.

The number of open jobs for the overall economy declined as the labor market weakened at the end of 2025, falling from 7.449 million in October to 7.146 million in November. The November reading was down from a year ago (8.031 million).

Previous NAHB analysis indicated that this number had to fall below eight million on a sustained basis for the Federal Reserve to move forward on interest rate reductions. With estimates remaining below eight million for national job openings, the Fed, in theory, should be able to cut further.

The number of open construction sector jobs increased from 202,000 in October to 292,000 in November. This total is relatively stable compared to a year ago (272,000), although the reading is notably lower than two years ago. The chart below notes the declining trend that has been in place for unfilled construction jobs since the Fed raised the federal funds rate and home building weakened. While home building employment was declining during the second half of 2025, other subsectors of the construction industry have expanded (e.g. data centers).

The construction job openings rate increased to 3.4% in November, higher than the 3.2% rate estimated a year ago.

The layoff rate in construction declined to 1.7% in November. The quits increased to 1.5% for the month.



This article was originally published by a eyeonhousing.org . Read the Original article here. .


In November, job growth slowed, and the unemployment rate rose to 4.6%, its highest level in four years. At the same time, job gains for the previous two months (August and September) were revised downward. The November’s jobs report indicates a cooling labor market as the economy heads into the final month of the year.

In November, wage growth slowed, increasing 3.5% year over year, down 0.6 percentage points from a year ago. Wage growth has been outpacing inflation for nearly two years, which typically occurs as productivity increases.

National Employment

According to Employment Situation Summary reported by the Bureau of Labor Statistics (BLS), total nonfarm payroll employment rose by 64,000 in November. This represents a notable slowdown from September’s revised gain of 108,000 and reflects continued weakness in overall hiring.

August’s growth was revised downward for the second time, from last month’s estimate of -4,000 to -26,000. September job growth was revised down by 11,000, from +119,000 to +108,000. Combined, these revisions erased 33,000 jobs from previously reported figures. October data, published for the first time, was not revised.

Through November, average monthly job growth in 2025 stands at just 11,000, well below the 168,000 monthly average recorded in 2024.

The unemployment rate rose to 4.6% in November, its highest level since September 2021. Compared to September, the number of persons unemployed rose by 228,000, while the number of persons employed increased by 96,000.

Meanwhile, the labor force participation rate—the proportion of the population either looking for a job or already holding a job—remained unchanged at 62.4%. This remains below its pre-pandemic level of 63.3% recorded at the beginning of 2020. Among prime working-age individuals (aged 25 to 54), the participation rate edged up 0.1 percentage points to 83.8%, the highest level since September 2024.

In November, employment gains were seen in health care (+46,000) and construction (+28,000), while the federal government continued to shed jobs. Federal government employment fell by 6,000 positions in November, following a sharp decline of 162,000 in October. Since peaking in January 2025, federal government employment has fallen by a total of 271,000 jobs.

Construction Employment

Employment in the overall construction sector increased by 28,000 in November, after an upwardly revised 25,000 gain in September. Within the industry, residential construction shed 300 jobs, while non-residential construction gained 28,800 positions.

Residential construction employment now stands at 3.3 million in November, including 958,000 workers employed by builders and remodelers and approximately 2.4 million residential specialty trade contractors.

The six-month moving average of job gains for residential construction remains negative at -3,600 per month, reflecting losses in five of the past six months for June, July, August, October, and November. Over the last 12 months, residential construction has seen a net loss of 42,200 jobs, marking the sixth consecutive annual decline since September 2020. Since the low point following the Great Recession, residential construction has gained 1,334,100 positions.

In November, the unemployment rate for construction workers declined to 4.7% on a seasonally adjusted basis. The unemployment rate for construction workers has remained at a relatively lower level, after reaching 15.3% in April 2020 due to the housing demand impact of the COVID-19 pandemic.



This article was originally published by a eyeonhousing.org . Read the Original article here. .


The count of open, unfilled positions in the construction industry held steady amid a slowdown for housing, per the June Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS).

The number of open jobs for the overall economy decreased slightly from 7.71 million in May to 7.44 million in June. This is about equal to the 7.41 million estimate reported a year ago but reflects a softened aggregate labor market.

Previous NAHB analysis indicated that this number had to fall below 8 million on a sustained basis for the Federal Reserve to move forward on interest rate reductions. With estimates remaining below 8 million for national job openings, the Fed, in theory, should be able to cut further despite a recent pause. There is growing pressure on the Fed to do so.

The number of open construction sector jobs was effectively unchanged from a revised 232,000 in May to 246,000 in June. This nonetheless marks a reduction of open, unfilled construction jobs than that registered a year ago (285,000) due to a slowing of construction/housing activity. The chart below notes the recent decline for the construction job openings rate, which is now near the lows of 2019.

The construction job openings rate ticked up to 2.9% in June, although it is significantly lower year-over-year from 3.4%.

The layoff rate in construction held at 2% in June. The quits rate declined to 1.9% in June, up from 1.6% from a year ago.

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