March 5, 2020

JOLTS Analysis – Construction Job Openings Plummet in 2019

Related Industry Construction

JOLTS

The 2019 Marcum Commercial JOLTS Analysis reports that construction job openings declined toward the end of 2019 but remain at historically high levels. While job openings across all industries are down on a year-over-year basis for the first time since 2009, the number of open positions remains higher than the number of unemployed Americans.

The employment report released by the U.S. Bureau of Labor Statistics (BLS) is arguably the most closely watched monthly data release in America. That report supplies detail regarding both job creation and unemployment. The nation’s unemployment rate may be the single most quoted statistic characterizing economic performance at any given moment.