Construction Job Openings Rise to 10-Month High in May
The construction industry had 298,000 job openings on the last day of May, according to an Associated Builders and Contractors analysis of federal data.
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Industry job openings increased by 32,000 last month and are up by 76,000 from the same time last year.
“Construction job openings rose to a 10-month high in May,” said Anirban Basu, ABC chief economist. “Unfortunately, that increase likely reflects exceptional demand for certain occupations critical to data center buildouts, like electricians, rather than increased industrywide demand for labor."
He sid construction hiring fell shaprly in May and at 3.5% matches February's all-time low.
"Rising layoff activity and a falling quit rate also suggest that demand for construction labor weakened in May," Basu says. "Despite these signs, contractors remain optimistic about growing their staffing lev-els, according to ABC’s Construction Confidence Index.”
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