{"id":26455,"date":"2025-01-16T12:16:46","date_gmt":"2025-01-16T17:16:46","guid":{"rendered":"https:\/\/www.construction.com\/?post_type=blog&#038;p=26455"},"modified":"2025-01-16T12:16:46","modified_gmt":"2025-01-16T17:16:46","slug":"jolts-november-navigating-uncertainty","status":"publish","type":"blog","link":"https:\/\/www.construction.com\/blog\/jolts-november-navigating-uncertainty\/","title":{"rendered":"JOLTS November: Navigating Uncertainty"},"content":{"rendered":"<p><em>by Olevia Sharbaugh Starkey, Economist at Dodge Construction Network<\/em><\/p>\n<p>The Job Openings and Labor Turnover survey released by the Bureau of Labor Statistics for November of 2024 shows an increase of 3% from October to 8.09 million US job openings. October also experienced an increase in total openings, rising 6% from the previous month. Though this is good news in the current economic climate, it still represents a decline of 9% from November of 2023 and a 24% decline from November 2022. However, this is no cause for alarm as the number of openings in 2021 and 2022 was much higher than usual as the economy adjusted for a burst in activity after the COVID-19 pandemic. The number of openings appears to have settled back down to the historical trend.<\/p>\n<p>Construction job openings have also experienced growth for the past two months, rising 0.4% in October and 7% in November. The November total of 276,000 total construction job openings represents a 39% decrease from the same month in 2023. This indicates that the construction industry has also adjusted from the post-pandemic boom and is now attempting to find a new normal. This search could be made more difficult as the uncertainty surrounding immigration policy begins to work its way through the market. Given that 30% of the construction labor force is made up of immigrants, according to the National Immigration Forum, this industry could continue to face labor challenges in the future.<\/p>\n<p>As these trends continue to develop, stay tuned to Dodge Construction Network starts for a real-time look at how they affect construction activity.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-26467\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2025\/01\/JOLTS-November2025-300x166.png\" alt=\"JOLTS November2025\" width=\"725\" height=\"401\" srcset=\"https:\/\/www.construction.com\/wp-content\/uploads\/2025\/01\/JOLTS-November2025-300x166.png 300w, https:\/\/www.construction.com\/wp-content\/uploads\/2025\/01\/JOLTS-November2025-1024x568.png 1024w\" sizes=\"auto, (max-width: 725px) 100vw, 725px\" \/><\/p>\n<p>Data Source:\u00a0<a href=\"https:\/\/www.bls.gov\/jlt\/\">https:\/\/www.bls.gov\/jlt\/<\/a><\/p>\n","protected":false},"featured_media":26467,"template":"","class_list":["post-26455","blog","type-blog","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>JOLTS November: Navigating Uncertainty | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"JOLTS November data reveals a market navigating uncertainty. 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