Skills Gap in US – The case of construction workers

Homebuilders have had a difficult time finding labor.

This might sound odd considering that 1.5 million construction workers lost their jobs during the recession and only about 80,000 construction jobs have been added back since the recovery began, says Bank of America’s Michelle Meyer.

To get a better sense of the health of the construction labor market, Meyer plots a Beveridge Curve, which looks at the relationship between the unemployment rate and job openings rate, for construction workers.

via Beveridge Curve For Construction Workers – Business Insider.