Tag Archives: April 2016 Employment Situation

The number of open construction sector jobs rose to 169,000 in February, still below the cycle high of 238,000 set in July 2016. Additionally, the open position rate, or job openings as a percent of total employment, increased to 2.4 percent. The open position rate on a moving twelve-month average basis stayed near the cycle high at around 2.7 percent.

Will the slowdown in labor market be a hindrance to growth in the housing market, or will the will the housing market boom this summer due to the amount of pent-up demand?