Eye On Housing
March data from the Job Openings and Labor Turnover Survey indicate a noticeable slowdown in construction sector hiring. Evidence suggests that this slowdown is more likely related to unusually warm weather and not underlying economic factors. For the economy as a whole, hiring rates have remained basically flat since the beginning of 2010. This is reflected in recent payroll employment reports that… Read More ›
Tag Archive for ‘JOLTS’
Construction Hiring Slows at the Beginning of 2012
February data from the Job Openings and Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics suggest that while construction hiring continues to add net jobs to the sector, the rate of this increase slowed at the beginning of the year. For the economy as a whole, hiring rates remain near post-recession highs. The hiring rate in February increased… Read More ›
Construction Employment Continues to Grow in 2012
The year 2011 was the first year since 2006 for which the overall construction sector added net jobs. And January data from the Job Openings and Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics indicate that the construction sector continues to expand. For the economy as whole, hiring continues at rates that add net jobs to the economy. The… Read More ›
2011 JOLTS Data – First Year Since 2006 for Construction Job Growth
The February release (December 2011 data) of the Job Openings and Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics (BLS) confirms a prediction we made earlier in the year. 2011 was the first year for the construction sector for which total hires exceeded total job separations since 2006. For the overall economy, total hiring for December 2011 was… Read More ›
Construction Jobs Continue Slow Growth per October JOLTS Data
Job Openings and Labor Turnover Survey (JOLTS) data for October from the Bureau of Labor Statistics reveal that the national economy, while sluggish, continues to trend better with respect to job openings. Total job openings for all non-farm sectors were essentially unchanged at 3.3 million. The job openings rate of 2.4% for October remains at levels last consistently experienced in 2008. The… Read More ›
Employment Data Show Increase in Construction Job Openings
Job Openings and Labor Turnover Survey (JOLTS) data for August from the Bureau of Labor Statistics reveal that the national economy, while sluggish, continues to trend better with respect to job openings. In particular, the job openings rate average for the middle of 2011 (2.4%) is the highest since the middle of 2008. However, the hiring rate, at 3.1%, has hovered at… Read More ›
Employment Data Show Sluggish Growth
Job Openings and Labor Turnover Survey (JOLTS) data for July from the Bureau of Labor Statistics show an economy that is still adding jobs, but at a rate that is too slow to significantly improve the current economic landscape, particularly for housing. On a national basis, the JOLTS data continue to show that job openings are growing. While layoffs ticked up… Read More ›