Tag Archive for ‘employment’

The Employment Situation for February – Weather The Right Signals

The Bureau of Labor Statistics (BLS) released the Employment Situation report for February. The establishment survey showed payroll employment expanded by 175,000 in February and the prior two months were revised upward for a combined increase of 25,000. From the household survey, the unemployment rate reversed last month’s decline, rising back to 6.7% from 6.6% in January. The labor force… Read More ›

The Essential Subcontractor

Subcontractors are an often over looked but essential part of the home building industry. Many outside the industry do not understand how large a part subcontractors have in the construction of a home. Home builders, as well as remodelers, typically subcontract a large portion of their construction work out to trade contractors who can more efficiently deliver individual pieces of… Read More ›

Wages in Home Building and Remodeling

Wages for most jobs in home building and remodeling typically exceed the median wage in the U.S., according to data from the Bureau of Labor Statistics Occupational Employment Statistics (OES) Survey. In a previous analysis, we examined the kinds of jobs that exist in the residential construction sector. Using the same 2012 BLS data, it is possible to track wages… Read More ›

Jobs in Home Building and Remodeling

Home building is an industry dominated by small businesses around the nation. Data from the Bureau of Labor Statistics (BLS) reveal the many job categories within the industry and their relative concentrations. Previous NAHB research has examined the geographic scope of the building industry, as well industry surveys that present a census of builders and associated businesses. BLS data from… Read More ›

The Employment Situation for January – The Road to Nowhere

The Bureau of Labor Statistics (BLS) released the Employment Situation report for January. The report was disappointing overall but had a mix of good, bad and extenuating circumstances to keep the labor market outlook in limbo for a second month. The establishment survey showed payroll employment expanded by 113,000 in January, following an upwardly revised 75,000 increase in December. The… Read More ›

The Employment Situation for November – The Fed’s Next Move Is Getting Closer

The Bureau of Labor Statistics (BLS) released the Employment Situation report for November. Payroll employment expanded by 203,000 and the prior two months were revised for a net increase of 8,000. The pattern in job growth is beginning to look like the substantial and sustained improvement in the labor market that the Federal Reserve has identified as the condition for… Read More ›

The Employment Situation for October – Employed Or Unemployed, That Is The Question

The Bureau of Labor Statistics (BLS) released the Employment Situation report for October and the results are all over the map. Because of different definitions used in the surveys, the impact of the partial federal government shutdown was negligible in the establishment survey but substantial in the household survey. And unrelated to the shutdown and furloughed federal workers there was… Read More ›

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 ›