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Construction Workers Wield More Power as Job Openings Increase
The construction labor shortfall remains firmly in place, giving workers a lot more leverage, according to Associated Builders and Contractors.
July 10, 2023
1 Min Read
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Construction Dive
The U.S. construction industry had 366,000 job openings in May, up 19,000 or 5.5% from April, according to seasonally adjusted data from the Bureau of Labor Statistics.
That meant about 4.4% of construction jobs went unfilled. However, BLS recorded 26,000 fewer job openings compared to May 2022. The report counts unfilled positions employers currently seek to staff.
“Today’s JOLTS data confirm that labor shortages remain firmly in place,” said Anirban Basu, chief economist for Associated Builders and Contractors, in a release about the report. “This shortfall has shifted leverage to workers.”
To read the entire story from our sister publication, Construction Dive, click here.
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