{"id":29557,"date":"2025-03-18T02:38:07","date_gmt":"2025-03-18T09:38:07","guid":{"rendered":"https:\/\/essential.construction\/news\/construction-job-openings-drop-42-yoy-as-labor-churn-accelerates\/"},"modified":"2025-03-18T02:38:07","modified_gmt":"2025-03-18T09:38:07","slug":"construction-job-openings-drop-42-yoy-as-labor-churn-accelerates","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/construction-job-openings-drop-42-yoy-as-labor-churn-accelerates\/","title":{"rendered":"Construction job openings drop 42% YOY as labor churn accelerates"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"text-to-speech\">\n    <button class=\"text-to-speech__button button\"><\/p>\n<p>            <img decoding=\"async\" class=\"text-to-speech__button__icon\" src=\"https:\/\/www.constructiondive.com\/static\/images\/audio_icon.svg?482016190122\" alt=\"-\"><\/p>\n<p>        Listen to the article<br \/>\n        <span class=\"text-to-speech__button__audio-length\">2 min<\/span><br \/>\n    <\/button><\/p>\n<div class=\"text-to-speech__controls\">\n        <audio controls=\"\" class=\"js-text-to-speech\" preload=\"none\"><source src=\"https:\/\/res.cloudinary.com\/dmgi9movl\/video\/upload\/q_1\/v1742220274\/news\/text_to_speech\/job-openings-construction-january-2025_z2amxa.wav\" type=\"audio\/mp3\"><\/source><\/audio><\/p>\n<div class=\"text-to-speech__controls__text\">\n            This audio is auto-generated. Please let us know if you have <a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/contact\/\" target=\"_blank\">feedback<\/a>.\n        <\/div>\n<\/p><\/div>\n<\/div>\n<h3 class=\"standard-heading\"><span><span><span><span><span><span>Dive Brief:<\/span><\/span><\/span><\/span><\/span><\/span><\/h3>\n<ul>\n<li><span><span><span><span><span><span>U.S. construction measured 236,000 open, <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.bls.gov\/news.release\/jolts.nr0.htm\" target=\"_blank\"><span><span><span><span><span><span><span><span>unfilled jobs on the last day of January<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, a 42% drop from the same month in 2024, according to data from the Bureau of Labor Statistics released March 11.<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span>The monthly report measures jobs for which employers are actively hiring. Though January job openings were up 15% from the end of December, the general decrease in openings in recent months has indicated a trend of uncertainty.<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span>&#8220;The continued decline in job openings suggests that while demand for workers remains, contractors are becoming more cautious about hiring amid uncertainty about tariffs, project pipelines and future economic conditions,\u201d Macrina Wilkins, senior research analyst for the Associated General Contractors of America, told Construction Dive.<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<h3 class=\"standard-heading\"><span><span><span><span><span><span>Dive Insight:<\/span><\/span><\/span><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><span><span>Despite <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.abc.org\/News-Media\/News-Releases\/abc-construction-labor-force-churn-accelerates-in-january\" target=\"_blank\"><span><span><span><span><span><span><span><span>job openings remaining reduced<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> at the end of January, there was much turnover in the month, noted Anirban Basu, chief economist at Associated Builders and Contractors.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cBoth hires and separations \u2014 including layoffs, discharges and quits \u2014 accelerated to the fastest rate since the first half of 2024,\u201d Basu said in a statement.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Total discharges year-over-year were nearly identical, with 1,000 fewer in January 2025 compared to the same month a year earlier. Total discharges did increase 25%, however, from December 2024 to January 2025.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Layoffs dropped about 18.5% from the previous year.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cAlthough layoffs have also declined, the sharp drop in job openings indicates that firms are hesitant to take on new projects or expand their workforce at this time as contractors navigate an evolving and uncertain economic landscape,\u201d Wilkins said.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Meanwhile, quits leapt about 21% year over year and 47% from December.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Basu acknowledged concerns over volatile trade policy stemming from President Donald Trump\u2019s back-and-forth tariff policies may have slowed construction and therefore softened demand for jobs. Nonetheless, ABC members indicated their intent to continue to hire more workers in the coming months.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.constructiondive.com\/news\/job-openings-construction-january-2025\/742655\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive &#8230; <a title=\"Construction job openings drop 42% YOY as labor churn accelerates\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/construction-job-openings-drop-42-yoy-as-labor-churn-accelerates\/\" aria-label=\"Read more about Construction job openings drop 42% YOY as labor churn accelerates\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[],"class_list":["post-29557","post","type-post","status-publish","format-standard","hentry","category-construction-dive","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/29557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=29557"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/29557\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=29557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=29557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=29557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}