Tag Archive for ‘employment’

Construction Job Openings Grow

The number of open, unfilled construction sector positions increased noticeably in February. Overall, the construction labor market has been characterized by relatively higher levels of turnover over the last few months, with an increase in hiring and quits at the end of 2014 and an upward trend in job openings. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis,… Read More ›

The Employment Situation in March – Snow Daze? Fed Delays

The Bureau of Labor Statistics (BLS) reported that payroll employment expanded by a disappointing 126 thousand in March, well below expectations. Job gains in January and February were revised downward by a total of 69 thousand. The unemployment rate was unchanged at 5.5%. The question now is whether (weather) this is a one-off disappointment or a something more ominous. It’s… Read More ›

Veterans in the Construction Industry

Access to labor remains a persistent challenge for home builders and remodelers. Unfilled job openings in the construction sector has moved along an upward trend over the last two and half years. However, there is one group in particular that builders have turned to for workers: military veterans. According to 2013 Bureau of Labor Statistics Current Population Survey data and NAHB analysis, approximately 666,400… Read More ›

NAHB Releases New Home Building Employment Estimates by State and Congressional District

A new NAHB study presents the most comprehensive estimates of home building employment, including self-employed workers, by state and congressional district. NAHB Economics estimates that out of 8.9 million people working in construction in 2013, close to 3.5 million people worked in residential construction, accounting for 2.4 percent of the US employed civilian labor force. These numbers reflect modest job… Read More ›

Construction Labor Market: Quits Jump, Hiring and Job Openings Rise

The number of open, unfilled construction sector positions increased slightly in December. The construction labor market was characterized by change at the end of 2014 as hiring increased along with a large number of quits by workers. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs for December (on a seasonally… Read More ›

The Employment Situation in January – January Revisions, June Decisions

January is annual revisions month so the employment report is a little more complicated than usual, but a strong report nonetheless. The Bureau of Labor Statistics (BLS) reported that payroll employment expanded by 257 thousand in January. Job gains in November and December were revised upward by a total of 147 thousand. The revisions to the establishment survey include late reporters… Read More ›

Rising Number of Open Jobs in Construction

The number of open, unfilled construction sector positions increased in November and was revised up for October. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs for November (on a seasonally adjusted basis) rose to 145,000. The November level marks the 3rd highest total of unfilled jobs in construction during the post-recession period…. Read More ›

Construction Job Openings Rise in October

The number of open, unfilled construction sector positions increased in October. The number of construction sector job openings was also revised higher for September. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs for October (on a seasonally adjusted basis) rose to 136,000, after the September count was revised higher to… Read More ›