WASHINGTON, DC — The development trade had 339,000 job openings on the final day of Could, in accordance with an Related Builders and Contractors evaluation of information from the US Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled place for which an employer is actively recruiting. Business job openings elevated by 2,000 final month however are down by 38,000 from the identical time final 12 months.

“Whereas the variety of open, unfilled development positions has declined over the previous 12 months, the trade remains to be confronted with widespread labor shortages,” mentioned ABC Chief Economist Anirban Basu. “The 4.0% of development jobs that have been unfilled in Could is the next price than within the months main as much as the beginning of pandemic, a time when development labor was already scarce. Due to these shortages, the next share of development staff stop in Could than in any month over the previous 12 months.

“Over half of contractors intend to extend their staffing ranges in the course of the subsequent six months, in accordance with ABC’s Development Confidence Index,” mentioned Basu. “On account of this ongoing intention to rent and the dearth of obtainable staff, contractors laid off simply 1.8% of the workforce in Could, a smaller share than in any month on file previous to late 2021.”