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Construction Job Openings Rise Amid Ongoing Hiring Challenges

1/9/2025

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Summary

Story summary

In November 2024, the construction industry reported 276,000 job openings, a rise of 17,000 from October.
Despite this increase, openings decreased by 178,000 compared to the previous year.
Hiring rates reached the second-lowest level on record, while layoffs and quit rates stayed low, reflecting employment stability.
More than 50% of contractors anticipate staffing increases in the next six months, indicating potential hiring rebounds.

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Story summary

In November 2024, the construction industry reported 276,000 job openings, a rise of 17,000 from October.
Despite this increase, openings decreased by 178,000 compared to the previous year.
Hiring rates reached the second-lowest level on record, while layoffs and quit rates stayed low, reflecting employment stability.
More than 50% of contractors anticipate staffing increases in the next six months, indicating potential hiring rebounds.