ARTICLE
Sage Economics recently took a look at how frequently construction workers are quitting their jobs. In general, they found that while it's not happening much, the numbers are a bit higher than they were at the end of 2024. A closer look at the data showed that workers tend to quit more when there are lots of job openings (in construction and competing fields) and fewer workers, like in 2005-06 and 2022. Starting at the end of 2022, however, worker availability improved and industrywide momentum slowed. The quit rate plunged, falling to levels not seen since the early 2010s, when not a lot of construction was going on. According to Sage's analysis of the data, quitting has accelerated during the first few months of 2025. They say it’s possible this is just statistical noise and that this data series is volatile on a month-to-month basis. But even looking at the 12-month moving average, which should mute any noise and eliminate wonky seasonal factors, they see that the quit rate has started to rise for the first time since 2022. ECA asks: What are you seeing with your workforce?
Sage Economics recently took a look at how frequently construction workers are quitting their jobs. In general, they found that while it's not happening much, the numbers are a bit higher than they were at the end of 2024.
A closer look at the data showed that workers tend to quit more when there are lots of job openings (in construction and competing fields) and fewer workers, like in 2005-06 and 2022. Starting at the end of 2022, however, worker availability improved and industrywide momentum slowed. The quit rate plunged, falling to levels not seen since the early 2010s, when not a lot of construction was going on.
According to Sage's analysis of the data, quitting has accelerated during the first few months of 2025. They say it’s possible this is just statistical noise and that this data series is volatile on a month-to-month basis. But even looking at the 12-month moving average, which should mute any noise and eliminate wonky seasonal factors, they see that the quit rate has started to rise for the first time since 2022.
ECA asks: What are you seeing with your workforce?