Despite pandemic-induced job losses, labor market tightness persists

The “Job Opening and Labor Turnover Survey (JOLTS),” a Bureau of Labor Statistics (BLS) product that supplies data regarding labor market churn, indicates an ongoing tightening of the nation’s construction labor market. This is surprising for several reasons. First, between January 2020 and January 2021, industry employment fell by more than 200,000 jobs. Second, after […]