Tag Archive for ‘labor market’

The Construction Immigrant Worker Flow

New NAHB research estimates the immigrant labor flow into the construction industry over the housing boom and bust years. The results show that more than 135,000 immigrant workers entered the US construction industry at the height of the housing boom in 2005. By 2011, the construction immigrant flow plummeted to a low of 23,000, highlighting the role of new immigrant… Read More ›

Top Posts of 2014: Builders See Shortages of Labor and—Especially—Subcontractors

With the end of 2014 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In July, we published industry survey data on labor issues. —————————– By Paul Emrath Data from a June 2014 NAHB survey show that shortages of labor and subcontractors have become substantially more widespread since 2013.   Shortages are particularly acute for workers… Read More ›

The Employment Situation in November – 3-2-1, Lift Off!

Is the economic recovery finally ready to blast off? The Bureau of Labor Statistics (BLS) reported that payroll employment expanded by 321 thousand in November, an increase well above expectations. Monthly employment gains prior to November have averaged 233 thousand in 2014. Job gains in September and October were revised upward by a total of 44 thousand. The average workweek… Read More ›

Consumer Credit Expands

Data released by the Federal Reserve Board shows that the amount of consumer credit outstanding rose over the month of September 2014. According to the release, consumer credit outstanding grew at a seasonally adjusted annual rate of 5.9% ($191.1 billion). Revolving credit outstanding, which is largely made up of credit card debt, increased by 2.0% ($17.3 billion), while non-revolving credit… Read More ›

The Employment Situation in September – Two Steps Forward, Half Step Back

Payroll gains were strong and the unemployment rate dropped two-tenths of a percentage point, .15 based on employment gains, 0.05 based on labor force defections. The Bureau of Labor Statistics (BLS) released the Employment Situation report for September. The establishment survey showed payroll employment expanded by 248 thousand. The disappointing August gain was revised up from 142 thousand to a less… Read More ›

The Employment Situation for August – A Disappointing Surprise

Job growth slowed and the unemployment rate ticked down; job growth is the more important signal. The Bureau of Labor Statistics (BLS) released the Employment Situation report for August. The establishment survey showed payroll employment expanded by 142 thousand, well below expectations. The June figure was revised down from 298 thousand to 267 thousand, and July was revised up from… Read More ›

The Employment Situation for June – Labor Market Momentum?

Surprising strength in payroll growth and another decline in the unemployment rate threaten to make this recovery begin to feel like a real recovery. The Bureau of Labor Statistics (BLS) released the Employment Situation report for June. The establishment survey showed payroll employment expanded by 288,000. The April and May figures were revised upward by a total of 29,000, bringing… Read More ›

The Employment Situation for May – A Milestone of Sorts

With the May numbers reported today payroll employment has officially surpassed the pre-recession peak of 138.365 million, by 98 thousand. The Bureau of Labor Statistics (BLS) released the Employment Situation report for May. The establishment survey showed payroll employment expanded by 217,000. The April figure was revised down by 6,000 and the March figure was unchanged. From the household survey,… Read More ›