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Open construction jobs ticked up 17,000 to 276,000 on the last day of November when compared to the last day of October, according to Bureau of Labor Statistics data released Tuesday. The report measures the number of positions for which employers actively are seeking workers.
The increase occurred after a large drop in openings after the summer, and the end of November counted about 40% fewer jobs than the same month in 2023. Of all construction jobs, 3.8% went unfilled in November, comparable to the preceding months.
In addition, contractors hired 317,000 new workers and laid off or discharged 114,000, both relatively unchanged from the year before. Economists said that the report indicates trepidation and uncertainty about the impact of the presidential election and year to come.
While the industry is still adding jobs, growth has slowed significantly,” Wilkins told Construction Dive. “This decline underscores ongoing workforce challenges — such as firms struggling to find and hire qualified workers — likely combined with increasing uncertainty about what 2025 will bring.”
Recession signal from the construction industry?
160 sats \ 0 replies \ @Satosora 21h
"Even so, ABC’s construction confidence report indicates the majority of contractors still intend to increase their staffing." It seems like they are comparing these numbers to when covid ended. When covid ended, there was a huge influx to hire. So is it completely accurate to compare to this time? Growth may be slowing because of what type of buildings are being built now, since covid has really changed the landscape of how we want our home life to be.
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Rebuilding LA is going to require a lot of workers and companies to get into gear. I would make a bet that they draw construction people from all over the country to rebuild. At least the wealthy folks will have the money to rebuild if not the will. I just wonder where they will let them rebuild, though.
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Can we expect lumber and stone prices to spike?
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I don't know about lumber, but everything that is fireproof might spike handsomely.
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100 sats \ 0 replies \ @grayruby 21h
Woah. That's significant.
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Wait a few weeks or months for new construction in Pacific Palisades and Altadena
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