The US 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 6,014 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 US construction industry new job postings in Q3 2023, down by 15% over the prior quarter.
Management Occupations drive construction industry hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 16% of the total new job postings in Q3 2023 and were down by 1% year-on-year. Second highest were Architecture and Engineering Occupations, which accounted for 12% and drop by 36% year-on-year, and third highest were Installation, Maintenance, and Repair Occupations, which were 15% of the new job postings and 25% lower year-on-year.
Top five companies in construction industry accounted for 16% of hiring activity
The highest number of jobs were posted by CDM Smith with 6,014, followed by Public Storage with 5,205, while the highest increase was at AECOM at 120%.
For further understanding of GlobalData's Construction: Hiring Trends & Signals Q3 2023, buy the report here.