Half of Construction’s Job Openings Vanish

The total number of open jobs in the U.S. hit 10.8 million in January, Basu reported, indicating there were more job openings than unemployed Americans. But as those numbers remained lofty, construction’s plummeted — nearly half of all job openings vanished in a month.

“In a nation that is set to rebuild much of its infrastructure and is operating in the megaproject era, including the construction of manufacturing facilities for computer chips, inputs to growing alternative energy industries and electric vehicles, today’s numbers seemingly defy credulity,” said Basu.

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