Tag Archive for ‘JOLTS’

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 ›

Construction Jobs: Hiring Down but Open Positions Rising

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 ›

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 ›

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 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 ›