Tag Archive for ‘employment’

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 ›

The Employment Situation in November – 3-2-1, Lift Off!

Is the economic recovery finally ready to blast off? The Bureau of Labor Statistics (BLS) reported that payroll employment expanded by 321 thousand in November, an increase well above expectations. Monthly employment gains prior to November have averaged 233 thousand in 2014. Job gains in September and October were revised upward by a total of 44 thousand. The average workweek… Read More ›

Steady Job Growth in October

The economy continues to produce jobs at a modest pace, although wages gains remain weak according to the most recent labor market reports from the Bureau of Labor Statistics. Improvements in both areas should help support growth in both owner-occupied and rental housing demand in the coming year. In October, home builders and remodelers added 8,000 jobs to the residential construction… Read More ›

The Employment Situation in September – Two Steps Forward, Half Step Back

Payroll gains were strong and the unemployment rate dropped two-tenths of a percentage point, .15 based on employment gains, 0.05 based on labor force defections. The Bureau of Labor Statistics (BLS) released the Employment Situation report for September. The establishment survey showed payroll employment expanded by 248 thousand. The disappointing August gain was revised up from 142 thousand to a less… Read More ›

The Employment Situation for August – A Disappointing Surprise

Job growth slowed and the unemployment rate ticked down; job growth is the more important signal. The Bureau of Labor Statistics (BLS) released the Employment Situation report for August. The establishment survey showed payroll employment expanded by 142 thousand, well below expectations. The June figure was revised down from 298 thousand to 267 thousand, and July was revised up from… Read More ›