JOLTS Analysis – Despite Pandemic Induced Job Losses, Labor Market Tightness Persists
The 2020 Marcum JOLTS Analysis of construction employment trends reports that the industry is beginning to experience labor market tightness as it begins to recover from the recession caused by COVID-19.
Job openings fell to 195,000 in December, equal to roughly 2.6% of the available construction positions. The annual Marcum report, which was released today by the Firm’s national Construction Services group, extrapolates construction data from the U.S. Bureau of Labor Statistics’ Job Openings and Turnover Survey.
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