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Recent Construction Job Reports Show Gains and Losses04-13-15 | News

Recent Construction Job Reports Show Gains and Losses

Though the residential construction sector has gained back 431,700 jobs since bottoming out, that number is still over 1 million lower than the peak total in early 2006.

There were 166,000 construction jobs that went unfilled in February according to the Bureau of Labor Statistics and the National Association of Home Builders. This amount was the highest total since July 2007. Overall the open job rate has been trending upward since 2012.

The number of job quits in February was 96,000, which was down from January's totals and signals a return to a more moderate amount of workers leaving their employment.

However, the industry lost 2,800 jobs in March, the first monthly decrease in almost three years. The net gain of positions in the last 12 months now stands at 136,000. March's unemployment rate for the sector fell to 7.9 percent.