By Robert Dietz | Eye On Housing
The count of unfilled jobs in the construction sector declined in September. Given the significant need for repair and restoration work in the wake of Hurricanes Harvey and Irma, we can expect increases in the months ahead.
According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a seasonally adjusted basis) fell to 196,000 in September.
The open position rate (job openings as a percent of total employment) for September softened to 2.8%. On a smoothed twelve-month moving average basis, the open position rate for the construction sector held steady at 2.6%.