CICPAC member firm, Marcum (locations serving Deerfield Illinois, Nashville Tennessee, New Haven Connecticut and Irvine California) releases 2018 JOLTS Analysis report. Marcum is pleased to provide the latest in a series of analyses focused on the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. These analyses are tailored to the informational requirements of construction industry leaders.
Construction was a Bright Spot
The 2018 Marcum JOLTS Analysis reports that construction was a bright spot in the national labor market, despite financial turmoil, recessionary expectations, and a government shutdown in the fourth quarter of last year.
Between January 2018 and January 2019, construction accounted for 12.5 percent or 338,000 of the total 2.7 million net new jobs created year-over-year. That ratio edged even higher on a monthly basis in the early weeks of 2019, with construction adding more than 17% of all net new positions in January.