Eye On Housing
The count of unfilled jobs in the construction sector was effectively unchanged in April, remaining near post-Great Recession high levels. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs came in at 232,000. The post-recession high count of open, unfilled construction jobs was 255,000 in July of last… Read More ›
The Bureau of Labor Statistics (BLS) reported the Employment Situation for May 2018. Jobs increased by 223,000 and the unemployment rate edged down to 3.8% in May. The growth rate of average hourly earnings accelerated slightly to 2.7%, but growth has largely been flat since 2016. The release also indicates that the number of construction jobs rose by 25,000 in… Read More ›
The count of unfilled jobs in the construction sector increased in March and approached the post-Great Recession high level. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs increased to 248,000 in March. The post-recession high count of open, unfilled construction jobs was 255,000 in July of last… Read More ›
The Bureau of Labor Statistics (BLS) reported the Employment Situation for April 2018. In April, job gains increased by 164,000 and the unemployment rate fell to 3.9%, the lowest rate since 2001. Total nonfarm payroll employment rose by 164,000 in April, slightly faster than the increase of 135,000 jobs in March. The March increase was revised up from its original… Read More ›
The count of unfilled jobs in the construction sector declined in February, but remains higher than a year ago. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs came in at 196,000 in February. The post-recession high count of open, unfilled construction jobs was 255,000 in July of… Read More ›
The Bureau of Labor Statistics (BLS) reported the Employment Situation for March 2018. In March, job gains slowed and the unemployment rate remained at 4.1%. Total nonfarm payroll employment rose by 103,000 in March, slower than the 326,000 job growth in February. The February increase was revised from its original estimate of a 313,000 increase. Despite smaller monthly increase in… Read More ›
The new NAHB study presents the most recent and comprehensive estimates of home building employment, including self-employed workers, by state. NAHB Economics estimates that out of 9.8 million people working in construction in 2016, more than 3.8 million people worked in residential construction, accounting for 2.5% of the US employed civilian labor force. These numbers reflect modest but steady job… Read More ›
The Conference Board’s Consumer Confidence Index declined in March, after increasing in February. The March decline in the Consumer Confidence Index reflects the declines in both the Present Situation Index and the Expectations Index. The Present Situation Index decreased by 0.8% from 161.2 to 159.9, while the Expectations Index declined by 2.7% from 109.2 to 106.2 in March. As a… Read More ›
The count of unfilled jobs in the construction sector increased in January, nearing a post-recession high set in July of 2017. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs increased to 250,000 at the start of the year. The post-recession high count of open, unfilled construction jobs… Read More ›
According to the Employment Situation for February 2018, reported by the Bureau of Labor Statistics (BLS), total nonfarm payroll employment rose by 313,000 in February and the unemployment rate was unchanged at 4.1%. Monthly growth in payroll employment in February jumped over 300,000 for the first time since July 2016. The three-month average job growth was 242,000 a month currently…. Read More ›