Tag Archive for ‘employment’

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 ›

Open Construction Jobs, But No Hiring Surge Yet

Despite the expansion of home building activity in 2012, construction sector employment growth remains positive if tepid, according to government statistics. For the construction sector, Job Openings and Labor Turnover Survey (JOLTS) data from the Bureau of Labor Statistics (BLS) indicate that hiring levels continue to be strong enough to create net jobs (hiring minus separations). However, December hiring was notably weak,with the hiring total for the… Read More ›

BLS Data Revision: Home Building Employment Up

New Bureau of Labor Statistics (BLS) data indicate that employment in the home building industry was stronger over the last two years than initial estimates suggested.  We reported on the preliminary benchmark adjustment back in September. Due to the adjustment, the BLS estimates an additional 422,000 jobs were added to the economy as of March 2012. The revision occurs as the BLS annually supplements its estimates… Read More ›

The Employment Situation for December – Gaining Strength? Not Really.

The Bureau of Labor Statistics (BLS) released the Employment Situation report for December on Friday. The establishment survey indicated payroll employment increased by 155,000 with private sector payrolls increasing by 168,000 and a loss of 13,000 in the government sector. Estimates for the prior two months were revised upward by a net of 14,000. The household survey indicated the unemployment… Read More ›