The hiring rate within the United States construction industry experienced a 0.3 percentage point decline in May, reaching a level of 3.5%. This figure represents the lowest point recorded for the sector since data tracking commenced in 2000.
Since the start of the year, the hiring metric has decreased by a total of 1.1 percentage points from January levels. This recent contraction continues a broader downward trajectory for the industry that has persisted over the last four years.