Tag Archive for ‘employment’

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 ›

Residential Construction Employment: Strong Growth in November

The count of unfilled jobs in the overall construction sector was steady in October, as hiring in the home building sector kicked into high gear in November. 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 126,000 in October from 119,000 in September. The cycle high of 168,000… Read More ›

The Employment Situation in November – All Systems Go, Ready For Liftoff

The Bureau of Labor Statistics (BLS) reported payroll employment expanded by 211 thousand in November and revisions added 35 thousand to estimates for the prior two months. The household survey showed strong gains in both the labor force (273 thousand) and persons employed (244 thousand). The unemployment rate held steady at 5.0%. Payroll gains are back on track with earlier… Read More ›

Job Openings in Construction: September Data

The count of construction job openings declined in September as hiring in the home building sector remained slow. The average monthly employment gain for builders and remodelers has been approximately 4,700 over the last six months. 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) dipped to… Read More ›

The Employment Situation in October – Back on Track(?)

The labor market rebounded in October from unexpected weakness in August and September but are the signals of recent months indicating strength, weakness or volatility? The Bureau of Labor Statistics (BLS) reported payroll employment expanded by 271 thousand in October, a solid recovery from the 145 thousand average in August and September. Revisions added 12 thousand to earlier estimates for… Read More ›