January witnessed a 50% drop of construction job openings from the month before, with 248,000 unfilled jobs available that month. This figure was 148,000 jobs below the same time last year. A sharp rebound in February saw 412,000 job openings, which led the likes of ABC Chief Economist Anirban Basu to designate January as a “statistical aberration”. However, this number is still down 9,000 compared to the year prior. 

Basu said that demand for construction workers remains high even with the threat of a recession, the slow implementation of the United States’ infrastructure rebuilding program, higher interest rates, and financing concerns. He goes on to say that the rise in job openings indicates that nonresidential construction firms are expecting growth as they anticipate increases in sales, employment, and profit margins. Despite high demand, Construction Dive noted a report by the Associated General Contractors of America that many employers lack the staffing to bid on projects.

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