In January, construction job openings rose to a rate of 2.7%, in data released by the Bureau of Labor Statistics this week. This marks the highest level since the pre-crisis peak in February 2007.
Construction job openings were at their highest in February 2007, at a rate of 3.5%. In April 2009, job openings in construction dipped to the lowest point since 2005, at a seasonally adjusted rate of 0.3%, but have shown signs of picking up. The lack of qualified labor (especially that of highly skilled laborers) has put pressure on builders for several years, and continues to be a cause of delayed home deliveries.
The team at Hanley Wood’s Data Studio has created some interactive graphics to help you better understand this data.