Tag Archive for ‘labor force’

Job Gains Slowed in March

The Bureau of Labor Statistics (BLS) reported the Employment Situation for March 2018. In March, job gains slowed and the unemployment rate remained at 4.1%. Total nonfarm payroll employment rose by 103,000 in March, slower than the 326,000 job growth in February. The February increase was revised from its original estimate of a 313,000 increase. Despite smaller monthly increase in… Read More ›

Construction Self-Employment Rates Exceed 23%

According to the 2016 ACS, over 23% of construction workers are self-employed, while an economy-wide average does not reach 10% of the employed labor force. The high self-employment rates in construction reflect a common practice of builders and remodelers to maintain relatively small payrolls and rely on subcontractors for a large share of the construction work. During the housing downturn,… Read More ›

Solid Job Growth and Low Unemployment Rate in February

According to the Employment Situation for February 2018, reported by the Bureau of Labor Statistics (BLS), total nonfarm payroll employment rose by 313,000 in February and the unemployment rate was unchanged at 4.1%. Monthly growth in payroll employment in February jumped over 300,000 for the first time since July 2016. The three-month average job growth was 242,000 a month currently…. Read More ›