Tag Archive for ‘employment’

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 ›

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 ›