Construction hiring data indicates a cooling labor market

Construction hiring slowed significantly in February, resulting in the lowest labor turnover rate in over two decades. Fewer workers are both getting hired and leaving jobs, signaling a cooling demand for construction labor.

Slow hiring and few job separations in February led to the lowest construction labor turnover rate since 2000, according to Anirban Basu, chief economist at ABC.

This story was originally published by Construction Dive.