Tag Archive for ‘employment’

The Employment Situation for September – Pre-Shutdown Slowdown

The government shutdown caused a data blackout at the federal government statistical agencies. The lights are back on but the view could be better. The Bureau of Labor Statistics (BLS) had the employment data collected but the processing and release was delayed by the shutdown. The Employment Situation report for September was softer than expected. From the establishment survey, total… Read More ›

The Employment Situation for August – Employment at the Fed

A mixed jobs report starts the drum-roll for the September meeting of the Federal Open Market Committee (FOMC), as analysts speculate over whether the committee will announce the start of tapering the Fed’s bond purchase program (QE3) or hold off until the December meeting. The Bureau of Labor Statistics (BLS) released the Employment Situation report for August. From the establishment… Read More ›

The Employment Situation for July – Not Sinking, Not Swimming

A somewhat disappointing employment report capped a week of economic reports, including GDP from the Commerce Department and monetary policy from the Federal Reserve (GDP/FOMC), that point to an economy treading water. The Bureau of Labor Statistics (BLS) released the Employment Situation report for July. From the establishment survey, total nonfarm payrolls expanded by a lower than expected 162,000, with… Read More ›

The Employment Situation for June – Food For Thought

The Bureau of Labor Statistics (BLS) released the Employment Situation report for June. Total payrolls expanded by 195,000, with the private sector adding 202,000 and government subtracting 7,000. The previous two months were revised up by a total of 70,000. Homebuilding payrolls expanded by 5,200. The unemployment rate was unchanged at 7.6%. The labor force expanded by 177,000 and the… Read More ›

A Nation of Builders

NAHB Chairman Rick Judson will be testifying on June 4 on the state of the residential construction sector before the House Energy and Commerce Committee. His statement highlights the state of the housing industry, its importance for economic growth, and fiscal and policy challenges the sector faces. As part of that analysis, NAHB used data from the recently released 2011 Census Survey… Read More ›

The Employment Situation for April – Decent Numbers, Cross Your Fingers

The Bureau of Labor Statistics (BLS) released the Employment Situation report for April today and the numbers are promising. In April total payrolls expanded by 165,000, with the private sector adding 176,000 and government subtracting 11,000. Homebuilding payrolls expanded by 13,300. The February and March payrolls were revised up by a total of 114,000. The unemployment rate declined another tenth… Read More ›

JOLTS: Rising Job Openings in Construction

Recent government employment data suggest a pickup in construction sector job openings over the last half year. While consistent with the uptick in construction sector activity, particularly in home building, the data reflect only modest increases in employment thus far. For the construction sector, Job Openings and Labor Turnover Survey (JOLTS) data from the Bureau of Labor Statistics (BLS) indicate that hiring… Read More ›

The Employment Situation for February – Mixed, But With Homebuilding on Top

The Bureau of Labor Statistics (BLS) released the Employment Situation report for February and the results look good but are more mixed than they look. The establishment survey shows payroll employment increased by 236,000, a decent number, but once again private sector payrolls increased (by 246,000) while the government sector continued to shrink (a loss of 10,000). The estimate for… Read More ›

One Point in the HMI Eventually Means 37,000 Jobs

Every month, the NAHB/Wells Fargo Housing Market Index  (HMI) provides an overall measure of builder confidence in the strength of the single-family housing market. Also every month, the U.S.  Bureau of Labor Statistics (BLS) produces estimates of employment in residential construction  (or at least it has since 2001, when it began to split jobs in the various trades into residential… Read More ›