Tag Archive for ‘employment’

Construction Job Openings at Cycle High

The count of unfilled jobs in the overall construction sector reached a post-Great Recession high in February. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a seasonally adjusted basis) increased to 193,000 in February from a downwardly revised estimate of 157,000 in January. The current estimate beat the previous cycle high of 177,000 unfilled positions set last May and… Read More ›

Elevated Count of Unfilled Construction Jobs in January

The count of unfilled jobs in the overall construction sector reached a post-Great Recession high in January of 2016. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a seasonally adjusted basis) increased to 185,000 in January from 124,000 in December. The January estimate beat the previous cycle high of 177,000 open positions set last May and represents… Read More ›

The Employment Situation in January – A Cold Wind?

A soft jobs report: a bad month or a cold wind in the face of economic recovery? The Bureau of Labor Statistics (BLS) reported payroll employment expanded by 151 thousand in January (from the survey of payrolls at establishments), an unexpected slowdown from prior months. Results from the household survey were more encouraging, showing the unemployment rate ticking down to… Read More ›

Stronger Growth for Residential Construction Employment

The count of unfilled jobs in the overall construction sector increased in November, as hiring in the home building sector accelerated. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a seasonally adjusted basis) increased to 135,000 in November from 121,000 in October. The cycle high of 168,000 open positions was set during March…. Read More ›

The Employment Situation in December – A Strong Finish To 2015

The Bureau of Labor Statistics (BLS) reported payroll employment expanded by 292 thousand in December and revisions added 50 thousand to estimates for the prior two months. The household survey showed strong gains in both the labor force (466 thousand) and persons employed (485 thousand). The unemployment rate held steady at 5.0%. Three consecutive months of strong gains in both… Read More ›

Construction Employment: Faster Growth in the West and the Midwest

Based on the Regional and State Employment data from the Bureau of Labor Statistics, overall construction employment is growing relatively faster in states in the West and the Midwest. The amount of housing supplied through home building depends on both supply and demand considerations. Housing demand supports rental and owner-occupied demand. On the other side of the marketplace, housing supply… Read More ›

Age of the Construction Labor Force

A scarcity of workers has been a notable headwind for home building and other parts of the construction industry in recent years. And a look at Census data reveals that the average age of workers in the construction industry exceeds the average age of the overall labor force. As home building has recovered, there has been a significant labor market… Read More ›

Construction Sector a Leader for Job Growth over the Next Decade

The construction industry is expected to experience a significant amount of employment growth over the next decade, according to new projections from the Bureau of Labor Statistics (BLS). The BLS employment projections are designed to estimate labor market changes given assumptions and estimates involving structural economic factors. The estimates assume full employment and do not attempt to estimate cyclical or business cycle effects. The current edition… Read More ›