Anirban Basu

Stories

Construction layoffs hit record low as firms hold onto workers

Leads ABC's monthly analysis of construction labor data

Construction firms laid off 99,000 workers in August, the fewest in any month since the government began tracking the figure in December 2000. The industry had 251,000 open jobs on the last day of August.

Updated 2 hours ago

Notable Quotes

The August JOLTS data indicate that both the demand for and supply of construction workers are decreasing.

from Construction layoffs hit record low as firms hold onto workers · Updated 2 hours ago

These dynamics may seem contradictory but are consistent with ongoing weakness in the residential segment coupled with booming data center activity and the resulting scarcity of certain skilled trades workers.

from Construction layoffs hit record low as firms hold onto workers · Updated 2 hours ago