Eye On Housing
The count of unfilled jobs in the construction sector increased in October. This increase occurred during a period of expansion for repair and remodeling work in the wake of Hurricanes Harvey and Irma. 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 227,000 in October. This count is close… Read More ›
According to the Employment Situation for November 2017 reported by the Bureau of Labor Statistics (BLS), total nonfarm payroll employment rose by 228,000 in November and the unemployment rate was unchanged at 4.1%. Employment growth has averaged 174,000 per month so far this year, compared with the average monthly growth of 187,000 over all of 2016. The unemployment rate was… Read More ›
The count of unfilled jobs in the construction sector declined in September. Given the significant need for repair and restoration work in the wake of Hurricanes Harvey and Irma, we can expect increases in the months ahead. 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)… Read More ›
According to the Employment Situation for October 2017 reported by the Bureau of Labor Statistics (BLS), total nonfarm payroll employment rose by 261,000 in October and the unemployment rate decreased to 4.1% in October, from 4.2% in September. Employment rebounded sharply in October after hurricane-related disruptions in September. Employment growth reinforced the Fed’s statement on Wednesday that “the labor market… Read More ›
The count of unfilled jobs in the construction sector continued to rise in August, reaching the highest level since February 2007. Given the significant need for repair and restoration work in the wake of Hurricanes Harvey and Irma, we can expect additional increases in the months ahead. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number… Read More ›
According to the Employment Situation for September 2017, reported by the Bureau of Labor Statistics (BLS), total nonfarm payroll employment decreased by 33,000 in September. According to the BLS, “A sharp employment decline in food services and drinking places and below-trend growth in some other industries likely reflected the impact of Hurricanes Irma and Harvey.” Employment growth has averaged 148,000… Read More ›
The count of unfilled jobs in the construction sector continued to rise in July, following an increase in June and a soft month in May. Given the significant need for repair and restoration work in the wake of Hurricanes Harvey and Irma, we can expect additional increases in the months ahead. NAHB, for example, estimates a need for an additional 10,000 to 20,000 construction… Read More ›
According to the Employment Situation for August 2017 reported by the BLS, total nonfarm payroll employment increased by 156,000 in August, less than 189,000 gains in July. Employment growth has averaged 176,000 per month so far this year, compared with the average monthly growth of 187,000 in 2016. Meanwhile, the unemployment rate ticked up slightly to 4.4% in August, from… Read More ›
At the start of the third quarter, employment gains and the unemployment rate ticked down. According to the Employment Situation for July 2017 reported by the BLS, total nonfarm payroll employment increased by 209,000 in July, after an upwardly revised 231,000 gains in June. Employment growth averaged 184,000 so far this year, close to the average monthly growth in 2016…. Read More ›
June’s employment gains accelerated while the unemployment rate ticked up. Moreover, employment in residential construction kept increasing with the lower unemployment rate. According to the Employment Situation for June 2017 reported by the BLS, total nonfarm payroll employment increased by 222,000 in June, faster than the 152,000 gains in May. The unemployment rate rose to 4.4%, from a 16-year low… Read More ›