Slowest Rate of Construction Hiring on Record in February

The construction industry had 202,000 job openings on the last day of February, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings decreased by 28,000 in February and are down by 53,000 from the same time last year.

“Construction hiring fell to the slowest rate on record in February,” said ABC Chief Economist Anirban Basu. “At the same time, contractors remained reluctant to lay off workers while employees were even more reluctant to leave. The combination of historically slow hiring and exceedingly few separations made February 2026 the month with the least construction labor force churn since the BLS began this survey in December 2000.

“Of course, this data pertains to February, when the Strait of Hormuz was open and the price of oil was under $100 per barrel,” said Basu. “While contractors continue to express optimism regarding their staffing intentions, according to ABC’s Construction Confidence Index, recent data and developments suggest that hiring is unlikely to rebound in the near future.”