Employment Data Shows Increase in Construction

In particular, the job openings rate average for the middle of 2011 (2.4 percent) is the highest since the middle of 2008. However, the hiring rate, at 3.1 percent, has hovered at this range since May 2010.
Courtesy of NAHB

Employment Data Shows Increase in Construction Job Openings and Labor Turnover Survey data for August from the Bureau of Labor Statistics reveal that the national economy, while sluggish, continues to trend better with respect to job openings.

The business sector has open positions but is not yet able to increase employment. This is worth watching as it may point to a mismatch between employees in demand and skills of available workers. It could also indicate yet another problem with a weak housing market in that workers are unable to move where jobs are in supply.

– Courtesy of NAHB