The construction sector shed 9,000 jobs in March, the first decrease since January 2022, even as the sector’s unemployment rate fell and total number of job openings in the sector hit a near-record high, according to an analysis by the Associated General Contractors of America of new government data. Association officials said the industry was struggling to replace aging workers and pushed for new construction training and education support, as well as immigration reform measures to encourage more people into the industry.
“Despite a small dip in headcount, construction firms continued to post a high level of job openings and raised pay more than other industries—two signs they still want to hire more workers,” said Ken Simonson, the association’s chief economist. “But the pool of unemployed, experienced jobseekers keeps shrinking for the construction sector.”
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