Tag Archive for ‘employment’

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 ›

Residential Construction Hiring Slows

The count of construction job openings held steady in August as hiring in the home building sector continued to slow. The average monthly employment gain for builders and remodelers is just over 5,500 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) was effectively… Read More ›

The Employment Situation in September – Loosening the Hawks’ Grip

Today’s employment report was disappointing on all fronts: weak payroll growth, downward revisions to prior months, and another decline in the participation rate. The unemployment rate was unchanged only because the labor force shrank faster than the number of employed persons. The Bureau of Labor Statistics (BLS) reported that payroll employment expanded by 142 thousand in September, well below expectations…. Read More ›

Construction Job Openings Steady, Hiring Slowing

The count of construction job openings held steady in July, as hiring in the home building sector slowed. 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) remained constant at 137,000 for July. This is somewhat lower than the cycle high of 168,000 set during March…. Read More ›

The Employment Situation in July – March to September

The Employment Situation report for July offered more evidence of steady progress in the labor market recovery, the accumulated improvement that may convince the Federal Reserve that it’s time to start raising interest rates. The Bureau of Labor Statistics (BLS) reported that payroll employment expanded by 215 thousand in July. Revisions to May and June added 14 thousand additional jobs…. Read More ›