Construction hires relatively high in June

For the construction sector, the number of hires in June (348,000) remained relatively high (for the post-2008 period), according to job data from the Bureau of Labor Statistics. Moreover, the total number of construction hires for May was revised up from 339,000 to 355,000.

July 14, 2011
new home construction, housing market, home building, homebuilding, construction

For the construction sector, the number of hires in June (348,000) remained relatively high (for the post-2008 period), according to job data from the Bureau of Labor Statistics, reported by the National Association of Home Builders. Moreover, the total number of construction hires for May was revised up from 339,000 to 355,000. The job openings rate for construction remained at 1.6 percent, with a total of 87,000 positions unfilled.

Moving to the 2011 year-to-date totals, this year still looks to be the first year since the Great Recession for which total hires for the construction sector will outpace total separations. However, through June, total hires exceed total separations by only 20,000.

For more information: http://eyeonhousing.wordpress.com/2011/07/12/construction-sector-job-openings-steady-during-economys-soft-patch/

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