JOLTS Analysis – Construction Labor Market Recovery Continues
The construction industry continued its post-recession recovery through the first month of 2016, adding 18,000 net new jobs according to the Bureau of Labor Statistics’ preliminary estimate. This represents the seventh consecutive month of job gains for the industry and brings total construction employment above 6.6 million for the first time since 2008. The industry would likely have reached that milestone earlier, were there not an ongoing shortage of skilled construction workers.
Table of Contents
- JOLT Survey Construction Labor Market Recovery Continues
- Exhibit 1. Total U.S. Construction Hires, January 2005 through December 2015
- Exhibit 2. Hiring and Openings, December 2012 through December 2015
- Exhibit 3. Construction Industry Separations, January 2005 through December 2015
- Marcum LLP Services