The count of unfilled jobs in the overall construction sector increased in November, as hiring in the home building sector accelerated.
In this post, National Association of Home Builders tax, policy, and economics guru Rob Dietz parses the latest BLS Job Openings and Labor Turnover Survey, its latest data points, the trends, and what it means for home building labor supply in the weeks leading into Spring Selling season and the seasonal busy time for builders.
Key take-away from numbers that show improved labor demand trends for residential construction, Dietz writes:
Rising job openings for the overall economy are affecting many business sectors as the unemployment rate has fallen, with employers wanting new workers but holding greater numbers of unfilled positions. This could bode well for future hiring, but it might also signal that scarcity for labor is becoming a more general concern.