{"id":30236,"date":"2025-07-01T15:59:09","date_gmt":"2025-07-01T15:59:09","guid":{"rendered":"https:\/\/www.europesays.com\/us\/30236\/"},"modified":"2025-07-01T15:59:09","modified_gmt":"2025-07-01T15:59:09","slug":"flat-job-openings-for-construction","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/30236\/","title":{"rendered":"Flat Job Openings for Construction"},"content":{"rendered":"<p>The count of open, unfilled positions in the construction industry held steady amid a slowdown for housing, per the May Bureau of Labor Statistics<a href=\"https:\/\/www.bls.gov\/jlt\/home.htm\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u00a0Job Openings and Labor Turnover Survey (JOLTS)<\/a>.<\/p>\n<p>The number of open jobs for the overall economy increased slightly from 7.40 million in April to 7.77 million in May. This is smaller than the 7.90 million estimate reported a year ago and reflects a softened aggregate labor market. However, the May estimate was a stronger number than expected and runs counter to some other, recent negative reporting of labor market data.<\/p>\n<p>Previous NAHB analysis indicated that this number had to fall below 8 million on a sustained basis for the Federal Reserve to move forward on interest rate reductions. With estimates remaining below 8 million for national job openings, the Fed, in theory, should be able to cut further despite a\u00a0<a href=\"https:\/\/eyeonhousing.org\/2025\/01\/a-pause-for-the-fed\/\" rel=\"nofollow noopener\" target=\"_blank\">recent pause<\/a>. There is growing pressure on the Fed to do so.<\/p>\n<p>The number of open construction sector jobs was effectively unchanged from a revised 242,000 in April to 245,000 in May. This nonetheless marks a significant reduction of open, unfilled construction jobs than that registered a year ago (375,000) due to a slowing of construction\/housing activity. The chart below notes the recent decline for the construction job openings rate, which is now near the lows of 2019.<\/p>\n<p><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" width=\"640\" height=\"480\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/jolts-may-data.png\" alt=\"\" class=\"wp-image-38024\"  \/><\/p>\n<p>The construction job openings rate was steady at 2.8% in May, although significantly lower year-over-year from 4.4%.<\/p>\n<p>The layoff rate in construction held at 2% in May. The quits rate increased on a monthly basis to 2.3%, the same as a year ago.<\/p>\n<p>\tDiscover more from Eye On Housing<\/p>\n<p class=\"has-text-align-center\" style=\"margin-top:10px;margin-bottom:10px;font-size:15px\">Subscribe to get the latest posts sent to your email.<\/p>\n","protected":false},"excerpt":{"rendered":"The count of open, unfilled positions in the construction industry held steady amid a slowdown for housing, per&hellip;\n","protected":false},"author":3,"featured_media":30237,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,16457,420,67,132,68],"class_list":{"0":"post-30236","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-business","9":"tag-employment-labor","10":"tag-jobs","11":"tag-united-states","12":"tag-unitedstates","13":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114778810826217966","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/30236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=30236"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/30236\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/30237"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=30236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=30236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=30236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}