Close Menu
Machinery Asia
  • Home
  • Industry News
  • Heavy Machinery
  • Backhoe Loader
  • Excavators
  • Skid Steer
  • Videos
  • News & Media
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Machinery Asia
Subscribe
  • Home
  • Industry News
  • Heavy Machinery
  • Backhoe Loader
  • Excavators
  • Skid Steer
  • Videos
  • News & Media
Machinery Asia
You are at:Home » Construction contracting ‘slowest rate on record’ in February
Industry News

Construction contracting ‘slowest rate on record’ in February

Machinery AsiaBy Machinery AsiaMarch 31, 2026No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Tumblr

Construction jobs fell by 28,000 in February to 202,000, according to the Job Openings and Labor Turnover Survey (JOLTS) released by the US Bureau of Labor Statistics.

Since February 2025, available positions have dropped by 53,000.

“Construction hiring fell to the slowest pace on record in February,” Anirban Basu, chief economist at Associated Builders and Contractors, said in a statement. “At the same time, contractors were reluctant to lay off workers, while employees were even more reluctant to leave.”

On a monthly basis, hiring decreased by 88,000, while total job separations decreased by 34,000. Year-on-year, the number of hires fell by 74,000, with 57,000 separations. Of all the categories, the only one that increased was the annual number of layoffs and terminations, 4,000 more since February 2025.

“The combination of historically slow hiring and very few separations made February 2026 the month with the least labor movement since the BLS began this survey in December 2000,” Basu said, adding that this data was recorded before the start of the conflict in Iran in late February. “Recent data and developments suggest that hiring is unlikely to recover in the near future.”

Looking for quick answers on construction and engineering topics?
Try Ask ENR, our new intelligent AI search tool.

Ask ENR →

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleAnalysis estimates cost of rebuilding Middle East energy infrastructure since war to exceed $25 billion
Next Article New peer network T Suicide rates among
Machinery Asia
  • Website

Related Posts

Chobani will spend $1.2 million to buy and invest in the Pennsylvania plant

September 8, 2026

Even as contractors downsize, 73% still plan to hire

September 8, 2026

Amtrak begins construction on a $1 billion maintenance facility in New York

September 7, 2026
Leave A Reply Cancel Reply

  • Facebook
  • Twitter
  • Instagram
  • Pinterest
Don't Miss

Chobani will spend $1.2 million to buy and invest in the Pennsylvania plant

Even as contractors downsize, 73% still plan to hire

Amtrak begins construction on a $1 billion maintenance facility in New York

NCCER launches CraftPro to unlock the full potential of the construction workforce

Popular Posts

Chobani will spend $1.2 million to buy and invest in the Pennsylvania plant

September 8, 2026

Even as contractors downsize, 73% still plan to hire

September 8, 2026

Amtrak begins construction on a $1 billion maintenance facility in New York

September 7, 2026

NCCER launches CraftPro to unlock the full potential of the construction workforce

September 7, 2026
Heavy Machinery

How do you build a generator trailer for heavy rear loads?

September 7, 2026

What size car trailer load winch do you need?

July 29, 2026

How to choose a manual winch for your car trailer loading needs

July 27, 2026

How to choose heavy-duty car tow ramps for safe loading

July 27, 2026

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Type above and press Enter to search. Press Esc to cancel.