Tag Archive for ‘employment’

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 ›

Eye on the Economy: Home Sales Surge after Slow First Quarter

Housing news continued to improve as pending home sales surged following a slow first quarter. Home prices also continued to move higher but at a more moderate pace, suggesting the extra push caused by investors may be slowing. Economic news, however, was mixed. Consumer confidence increased in response to improving labor market conditions. On the other hand, new estimates from… Read More ›

The Employment Situation for June – Labor Market Momentum?

Surprising strength in payroll growth and another decline in the unemployment rate threaten to make this recovery begin to feel like a real recovery. The Bureau of Labor Statistics (BLS) released the Employment Situation report for June. The establishment survey showed payroll employment expanded by 288,000. The April and May figures were revised upward by a total of 29,000, bringing… Read More ›

The Employment Situation for May – A Milestone of Sorts

With the May numbers reported today payroll employment has officially surpassed the pre-recession peak of 138.365 million, by 98 thousand. The Bureau of Labor Statistics (BLS) released the Employment Situation report for May. The establishment survey showed payroll employment expanded by 217,000. The April figure was revised down by 6,000 and the March figure was unchanged. From the household survey,… Read More ›

$100,000 in Remodeling=Nine Tenths of a Full-Time Job

In addition to benefitting those who live in remodeled homes, remodeling also has the ability to stimulate the U.S. economy. The latest estimates released by NAHB show that spending $100,000 on remodeling generates about $48,000 in wages and salaries in the U.S., which translates to .89 of a job measured in full-time equivalents (enough work to keep one worker employed for a year). Much… Read More ›

The Employment Situation for April – Unemployment Rate 6.3% – It’s Not What You Think

The unemployment rate plunged to 6.3% in April from 6.7% in March. But curb your enthusiasm, it’s not what you think. First, the numbers. The Bureau of Labor Statistics (BLS) released the Employment Situation report for April. The establishment survey showed payroll employment expanded by 288,000, and February and March were revised upward for a combined increase of 36,000. The… Read More ›

Jobs Created in the U.S. When a Home is Built

In an article published the first day of this month, NAHB released new estimates of the impact that building single-family and multifamily homes has on the U.S. economy. The new estimates show that building an average single-family home generates 2.97 jobs, measured in full-time equivalents (enough work to keep one worker employed for a year). A substantial share of this is… Read More ›

Construction Job Openings Cool at the Start of 2014

The number of open, unfilled construction sector jobs declined at the start of 2014, according to the BLS Job Openings and Labor Turnover Survey (JOLTS). While the February open rate is the fifth highest since the end of the recession, the count of open construction jobs fell during a period when unseasonably cold weather took a toll on numerous parts of… Read More ›