The BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis revealed that the number of open construction jobs rose to 214,000 in July, near the cycle-high of 215,000 established in March of this year. NAHB chief economist Robert Dietz, in Eye on Housing, takes a look at this increase which correlates to the trend of construction openings increasing since the end of the Great Recession.
Additionally, the month of July saw an increasing in construction hiring, taking the number up to 4.9%:
Monthly employment data for August 2016 (the employment count data from the BLS establishment survey are published one month ahead of the JOLTS data) indicate that home builder and remodeler net hiring rebounded, as sector employment increased by 10,400. This gain comes after a recent period of hiring weakness, which has reduced the 6-month moving average of jobs gains for residential construction to just above 3,000.