JOLTS Analysis – Paints a Complex Picture
The US construction industry continued to recover in 2014. Post-recession construction employment surpassed the 6 million plateau for the first time, though total construction employment remains more than one million jobs short of the pre-recession high. During 2014’s final month, the construction industry added 44,000 jobs, which means that the construction industry supports 5.7 percent more jobs than it did one year ago. The year-over-year percentage increase represents the largest construction employment gain since May 2006, which arguably represented the beginning of the end for the nation’s housing boom.
Table of Contents
- JOLT Survey Paints a Complex Picture
- Exhibit 1. Total U.S. Construction Hires, January 2004 through December 2014
- Exhibit 2. Hiring and Openings, December 2012 through December 2014
- Exhibit 3. Construction Industry Separations, January 2004 through December 2014
- Marcum LLP Services