Tag Archive for ‘employment’

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 ›

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 ›