Basu said construction experienced one of the sharpest reductions in job openings of all sectors. But it also appeared the remaining openings continued due to workers’ preferences, and not those of employers.
For example, construction workers still quit their jobs at a faster rate (2.3%) than they were laid off or fired in June, Basu noted. That marked the 16th consecutive month in which quits outpaced or equaled layoffs and discharges, a hallmark of what’s become known as the Great Resignation. Meanwhile, the 346,000 construction hires in June still outpaced the 317,000 total job separations.
