Tag Archive for ‘employment’

Declines for Residential Construction Employment as Job Openings Persist

The count of unfilled jobs in the overall construction sector remained elevated in April after a post-Great Recession high in March. However, the count of total jobs in the residential construction sector has declined for two straight 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) fell to 200,000 in April,… Read More ›

The Employment Situation in May – All Systems: NO

April was a bad month, May is a shocker, and June is a non-starter. The Bureau of Labor Statistics (BLS) reported payroll employment growth stalled in May, expanding by only 38 thousand. The gains in May were expected to be depressed because of roughly 40 thousand Verizon workers on strike, but even taking that into account May’s gains were well… Read More ›

Number of Unfilled Construction Sector Jobs Keeps Rising

The count of unfilled jobs in the overall construction sector reached another post-Great Recession high in March. 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 210,000 in March. The current estimate represents the highest monthly count of job openings since May 2007. The open position rate (job openings as a percent… Read More ›

The Employment Situation in April – A Bad Month

The Bureau of Labor Statistics (BLS) reported payroll employment expanded by 160 thousand in April, below analysts’ expectations of roughly 200 thousand, and revised the prior two months down by 19 thousand. The unemployment rate held steady at 5.0% based on a large decline in the number of persons employed (316 thousand) offset by a similar decline in the labor… Read More ›

Construction Job Openings at Cycle High

The count of unfilled jobs in the overall construction sector reached a post-Great Recession high in February. 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 193,000 in February from a downwardly revised estimate of 157,000 in January. The current estimate beat the previous cycle high of 177,000 unfilled positions set last May and… Read More ›

Elevated Count of Unfilled Construction Jobs in January

The count of unfilled jobs in the overall construction sector reached a post-Great Recession high in January of 2016. 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 185,000 in January from 124,000 in December. The January estimate beat the previous cycle high of 177,000 open positions set last May and represents… Read More ›

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 ›