Tag Archive for ‘labor market’

FOMC Statement: All Eyes on December

The statement released following the September meeting of the Federal Open Market Committee (FOMC) fell in line with market expectations as the committee chose to keep the federal funds rate unchanged.  The Committee’s assessment of the economy remained positive, leaving a December rate hike very much in play.  In the statement, the Committee continued its upbeat assessment of labor and economic activity…. Read More ›

Job Openings Rise in Construction

The count of unfilled jobs in the overall construction sector rose in June after setting a post-Great Recession high in March. However, the rate of jobs being added to the residential construction sector has slowed noticeably over the last few months suggesting ongoing labor access issues. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a… Read More ›

The Employment Situation in June – Back On Track

The labor market report for June is a refreshing tonic after last month’s discomfort. The Bureau of Labor Statistics (BLS) reported payroll employment growth rebounded in June, expanding by 287 thousand after an unnervingly weak May. Gains in the information sector were boosted by the return of roughly 40 thousand Verizon workers who had been out on strike in May…. Read More ›

The Employment Situation in May – All Systems: NO

April was a bad month, May is a shocker, and June is a non-starter. The Bureau of Labor Statistics (BLS) reported payroll employment growth stalled in May, expanding by only 38 thousand. The gains in May were expected to be depressed because of roughly 40 thousand Verizon workers on strike, but even taking that into account May’s gains were well… Read More ›

The Employment Situation in April – A Bad Month

The Bureau of Labor Statistics (BLS) reported payroll employment expanded by 160 thousand in April, below analysts’ expectations of roughly 200 thousand, and revised the prior two months down by 19 thousand. The unemployment rate held steady at 5.0% based on a large decline in the number of persons employed (316 thousand) offset by a similar decline in the labor… Read More ›

Count of Unfilled Construction Jobs Jumps

The count of unfilled jobs in the overall construction sector increased significantly in December, even as hiring in the home building sector has grown. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a seasonally adjusted basis) increased to 207,000 in December from 138,000 in November. The December estimate solidly beats the previous… Read More ›