Tag Archive for ‘employment’

Existing Home Sales Weaken in June

After gains in May, existing home sales, released by the National Association of Realtors (NAR), fell more than expected in June. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, dropped 1.7% to a seasonally adjusted annual rate of 5.27 million in June. On a year-over-year basis, sales were 2.2% lower than a year ago, marking the sixteenth straight… Read More ›

Construction Job Openings Fall Back in May

Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings declined in May off a cycle high count in April. The estimated number of job openings in the construction sector fell back to 369,000 after reaching a post-Great Recession high of 434,000 in April. The decline occurred with a somewhat elevated level of layoffs in… Read More ›

Job Growth Rebounded Sharply in June

Total nonfarm payroll employment increased by 224,000 in June, while the unemployment rate edged up to 3.7%. Residential construction employment increased by 6,000 in June, after an increase of 3,800 jobs in May. The total construction industry (both residential and nonresidential) employment reached to 7.5 million, by adding 21,000 jobs in June. According to the Employment Situation Summary for June,… Read More ›

Construction Job Openings Rise in April

Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings increased in April, consistent with the ongoing challenge of the availability of labor for builders. The estimated number of job openings in the construction sector increased to 404,000, a post-Great Recession high. Moreover, this marks a significant gain over the 258,000 openings estimated in April… Read More ›

Job Growth Softened in May

Total nonfarm payroll employment increased by 75,000 in May, while the unemployment rate remained at 3.6%. Residential construction employment increased by 5,200 in May, after a decline of 1,600 jobs in April. The total construction industry (both residential and nonresidential) gained 4,000 jobs in May. According to the Employment Situation Summary for May, released by the Bureau of Labor Statistics… Read More ›

Housing and the Agriculture Industry in the Midwest

Housing markets in the Midwest have experienced weakness in recent quarters. For example, single-family permits posted a 3.6% decline in year-to-date data when comparing December 2018 level with December 2017 in the Midwest. Single-family permitting for the first four months of 2019 are down 11.3% in the Midwest when compared to the opening months of 2018. As of April, new… Read More ›

Construction Job Openings Rise in March

Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings increased in March, consistent with the ongoing challenge of the availability of labor for builders. The estimated number of job openings in the construction sector increased to 360,000, a post-Great Recession high. Moreover, this marks a significant gain over the 234,000 openings estimated in March… Read More ›

263,000 Jobs Added in April

Total nonfarm payroll employment increased by 263,000 in April, while the unemployment rate declined to 3.6%. Residential construction employment increased by 600 in April, after the increase of 11,200 jobs in March. The total construction industry (both residential and nonresidential) gained 33,000 jobs in April. According to the Employment Situation Summary for April, released by the Bureau of Labor Statistics… Read More ›

Home Building Employment Across States and Congressional Districts

A new NAHB study presents the most recent and comprehensive estimates of home building employment, including self-employed workers, by state and congressional district. NAHB Economics estimates that out of 10.3 million people working in construction in 2017, more than 4 million people worked in residential construction, accounting for 2.6% of the US employed civilian labor force. Despite steady job gains… Read More ›

Monthly Employment Growth Improved in March

Total payroll employment increased by 196,000 in March, while the unemployment rate was unchanged at 3.8%. Residential construction employment increased by 12,200 in March, after the decline of 8,100 jobs in February. The total construction industry (both residential and nonresidential) gained 16,000 jobs in March. According to the Employment Situation Summary for March, released by the Bureau of Labor Statistics… Read More ›