Tag Archive for ‘average hourly earnings’

Residential Building Worker Wages Grow Rapidly

Average hourly earnings for residential building workers have been growing fast recently, driven by the tightening construction labor market. Last Friday, the Bureau of Labor Statistics (BLS) reported that the unemployment rate declined to 3.9% in December, the lowest rate since the pandemic. As the labor market remains tight, wages have increased rapidly, particularly in residential building sector. According to… Read More ›

Modest Job Gains in April

The Bureau of Labor Statistics (BLS) reported the Employment Situation for April 2018. In April, job gains increased by 164,000 and the unemployment rate fell to 3.9%, the lowest rate since 2001. Total nonfarm payroll employment rose by 164,000 in April, slightly faster than the increase of 135,000 jobs in March. The March increase was revised up from its original… Read More ›

Job Growth in January Was “Solid”

The U.S. economy entered the New Year with a strong gain in payroll employment and the lowest unemployment rate since 2001. According to the Employment Situation for January 2018 reported by the Bureau of Labor Statistics (BLS), total nonfarm payroll employment rose by 200,000 in January and the unemployment rate was unchanged at 4.1% for the fourth consecutive month. Today’s… Read More ›