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Backward-looking April construction data: Layoffs surged

from NAHB Now

Backward-looking April construction data: Layoffs surged NAHB Now Backward-looking data from the Job Openings Labor Turnover Survey (JOLTS) detail the sudden stop associated with the coronavirus and its impacts on the construction labor market. The April data show that the layoff rate in the construction sector increased from 7.9% in March to 10.4% in April. This is the highest rate recorded in the history of the JOLTS data, which began at the end of 2001. READ MORE

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