The North American construction industry experienced an 18% drop in new job postings in Q3 2023 compared with the previous quarter, with the highest share accounted for by CDM Smith with 6,044 job postings, according to GlobalData’s analysis of construction company job postings. GlobalData’s Construction: Hiring Trends & Signals Q3 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the construction industry, facilitating anticipation of future workforce needs. Buy the report here.
Notably, Management Occupations jobs accounted for a 16% share of the North American construction industry’s total new job postings in Q3 2023, drop 15% over the prior quarter.
Management Occupations drive construction industry hiring activity
Management Occupations, with a share of 16% new job postings, was the occupation with the greatest hiring activity in the North American construction industry in Q3 2023 , ahead of Architecture and Engineering Occupations with a 12% share of new job postings.
The other prominent roles included Installation, Maintenance, and Repair Occupations with an 8% share in Q3 2023, Construction and Extraction Occupations with a 6% share and Sales and Related Occupations with a 6% share of new job postings.
Top five companies accounted for 16% of hiring activity
CDM Smith posted 6,044 jobs in Q3 2023 and registered a decline of 67% over the previous quarter, followed by AECOM with 5,428 jobs and a 109% growth. Public Storage, with 5,205 jobs, and CRH, with 3,826 jobs, recorded a 10% rise and a 24% drop, respectively, while Extra Space Storage recorded a 44% increase with a 3,556 new job postings during Q3 2023.
Regional analysis of hiring in the North American construction industry, Q3 2023
The US held the leading share of the North American construction hiring activity with a 92.83% share, an 18% decrease over Q2 2023. Canada was next with 5.66%, four-percentage-point down over the previous quarter.
For further understanding of GlobalData's Construction: Hiring Trends & Signals Q3 2023, buy the report here.