Open job postings among hiring construction employers have slipped for a few months. So what does it say about labor capacity and demand?
BUILDER
By John McManus
This headline may have caught your attention the other day, as it did mine.
“Housing Market Labor Shortage Eases — Update.”
The story Tuesday followed a monthly Labor Department data release, the Job Openings and Labor Turnover Survey, which Robert Dietz, chief economist for the National Association of Home Builders tracks carefully as a proxy indicator for how inadequate the supply of skilled construction labor is compared with the demand for it. In this case, the measure of that demand is construction job openings, unfilled positions posted by construction employers. Dietz noted in his brief take on the JOLTS report:
