After a “simply shocking” January where half of construction’s job openings vanished, the number of positions for which contractors are actively recruiting increased by 129,000 in February, according to analysis of Bureau of Labor Statistics data by Associated Builders and Contractors.
The 412,000 job openings for February were still down 9,000, or 2.1%, when compared to the year prior. ABC Chief Economist Anirban Basu said the data proves “January was a statistical aberration.”
“Demand for construction workers remains elevated despite fears of recession, slow implementation of America’s infrastructure rebuilding program, higher interest rates and growing concerns regarding the availability of project financing in light of recent bank failures,” Basu said in the report.
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