Job Openings Fall in Construction

Expect to see 2011 as the first year post-Great Recession when total hires will exceed total separations (layoffs, quits, etc.) in the construction sector.
Courtesy of NAHB

For the construction sector, the job openings rate fell from 1.8 percent to 1.2 percent, declining from 100,000 unfilled positions in May to only 66,000 open positions in June. May construction hiring, at 371,000 hires, was the highest levels of job creation for the sector since August 2008.

This is the likely cause for the decline in open positions for the industry in June. However, it does suggest that the construction sector may slow in terms of job creation in the coming months. As of June, total hiring exceeded total separations in the construction by a count of only 2,000 positions.

- Courtesy of NAHB