Tag Archive for ‘JOLTS’

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 ›

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 ›

JOLTS: Construction Job Openings Up in Recent Months

November data from the Job Openings and Labor Turnover Survey (JOLTS) indicate that despite a downward revision for October, the number of open positions in the construction sector remains elevated. With continuing growth in housing starts predicted for 2013, these data suggest increased employment levels for the construction sector in the months ahead. For the economy as a whole, the November JOLTS data indicate… Read More ›

Construction Job Openings Spike in October

October data from the Job Openings and Labor Turnover Survey (JOLTS) indicate that the number of open positions in the construction sector increased significantly, reaching levels and rates last seen in 2007.  While one month of preliminary data needs to be taken with caution, increases in housing construction suggest that employment levels should be higher than other data sources suggest. For the economy as… Read More ›

JOLTS Data: Seasonal Turnover Holds Back Construction Labor Market Growth

September data from the Job Openings and Labor Turnover Survey (JOLTS) indicate construction hiring picked up in September after a slow August. However, an increase in layoffs held back net hiring for the month. As a result, the pace of hiring for the sector in 2012 remains lackluster, especially given the recent pickup in strength of housing construction activity. For the economy as a whole, the September… Read More ›

JOLTS Data: Construction Hiring Dips in August, but Sector Job Openings Rise

August data from the Job Openings and Labor Turnover Survey (JOLTS) indicate construction hiring slowed in August after an elevated July. However, construction sector job openings rose for the month. Nonetheless, the pace of hiring remains lackluster, especially given the strength in housing construction activity for 2012. For the economy as a whole, the August JOLTS data reveal that the hiring rate stood at 3.3%… Read More ›

JOLTS Data: Construction Hiring Continues Small Summer Rebound

July data from the Job Openings and Labor Turnover Survey (JOLTS) suggest that construction hiring continued a slight rebound for the months of July and August. While total hiring became more positive after weak months in the spring, the pace of hiring remains lackluster, especially given the strength in housing construction activity for 2012. For the economy as a whole, the July JOLTS data reveal that the hiring… Read More ›

JOLTS Data: Construction Hiring Rebounds in June

June data from the Job Openings and Labor Turnover Survey (JOLTS) suggest that hiring picked up for the construction industry in May and June. For the economy as a whole, the June JOLTS data reveal that the hiring rate stood at 3.3% of total employment. The national hiring rate has now been in a 3.2% to 3.4% range for the last 11 months. The job openings… Read More ›

JOLTS Data: Growing Weakness for the Job Market

May data from the Job Openings and Labor Turnover Survey (JOLTS) confirm an ongoing slowdown in the labor market, with net hiring for the construction sector (residential and nonresidential) turning negative year-to-date for 2012. For the economy as a whole, the May JOLTS data reveal that hiring rates increased to 3.3%, one of the few pieces of good news in the report. The job openings rate (the… Read More ›

JOLTS Data: Slight Slowdown for Labor Market in April Confirmed

April data from the Job Openings and Labor Turnover Survey (JOLTS) confirm the labor market experienced a slowdown during March and April, including a deceleration in construction sector hiring. The theories explaining this slowing include unusually warm weather that accelerated economic activity at the expense of future months and more ominous structural explanations related to broader macroeconomic weakness.  Overall, the data suggest that the early growth in… Read More ›