Tag Archive for ‘employment’

The Employment Situation for December – Gaining Strength? Not Really.

The Bureau of Labor Statistics (BLS) released the Employment Situation report for December on Friday. The establishment survey indicated payroll employment increased by 155,000 with private sector payrolls increasing by 168,000 and a loss of 13,000 in the government sector. Estimates for the prior two months were revised upward by a net of 14,000. The household survey indicated the unemployment… Read More ›

The Employment Situation for November – Still Positive, Still Weak

The Bureau of Labor Statistics (BLS) released the Employment Situation report for November noting that Hurricane Sandy did not affect the national employment and unemployment figures in today’s release. The establishment survey indicated payroll employment increased by 146,000 with private sector payrolls increasing by 147,000 and a loss of 1,000 in the government sector. Estimates for both September and October… Read More ›

The Employment Situation for October – Continued Positive But Subpar Gains

The Employment Situation report for October released by the Bureau of Labor Statistics (BLS) Friday continued the recent pattern of positive but subpar gains in the labor market. The establishment survey reported payroll employment expanded by 171,000 based on an increase of 184,000 in private sector payrolls and a decline of 13,000 in the government sector. August and September estimates… Read More ›

The Employment Situation for September – Weak Payrolls and Noisy Unemployment Rate

The Employment Situation report for September released by the Bureau of Labor Statistics (BLS) today surprised analysts with a 0.3 percentage point decline in the unemployment rate, from 8.1% in August to 7.8% in September. Unlike last month when the decline in the unemployment rate from 8.3% to 8.1% was attributable to a shrinking labor force, the September decline was… Read More ›

Labor Market Stronger than Thought? Maybe a Little

The Bureau of Labor Statistics released a preliminary benchmark adjustment to its payroll employment count. According to the new benchmark, total net job creation was higher by 386,000 positions over the last 12 months period spanning April 2011 through March 2012. While seemingly large, this represents an increase of only 0.3% of total employment. In percentage terms, the second largest adjustment was associated with… Read More ›

The Employment Situation for August – Wrong Again

The Bureau of Labor Statistics (BLS) released the Employment Situation report for August today. Nonfarm payroll employment extended its troublingly lackluster streak adding a meager 96 thousand jobs, down from a revised 141 thousand last month. The private sector added 103 thousand while the government sector shed another 7 thousand. Figures for the prior two months were revised downward by… Read More ›

JOLTS Data: Construction Hiring Rebounds in June

June data from the Job Openings and Labor Turnover Survey (JOLTS) suggest that hiring picked up for the construction industry in May and June. For the economy as a whole, the June JOLTS data reveal that the hiring rate stood at 3.3% of total employment. The national hiring rate has now been in a 3.2% to 3.4% range for the last 11 months. The job openings… Read More ›

The Employment Situation for July – Mixed

The Bureau of Labor Statistics (BLS) released the Employment Situation report for July. The top line numbers show total nonfarm payrolls increased by 163 thousand, with private payrolls adding 172 thousand and government subtracting 9 thousand. Revisions to the prior two months lowered employment by 6 thousand for those months. The unemployment rate ticked up a tenth to 8.3 percent,… Read More ›

The Geography of Stay-at-Home Moms

Professionals in the housing industry know that demography and housing are closely related. The total number of households and their respective forms are fundamental drivers of housing demand. With this in mind, we thought it would be interesting to take a quick look at the geographic distribution of stay-at-home moms. Few issues in American life seem to inspire as much passionate debate… Read More ›

Consumer Confidence Slips in June

The Conference Board’s Consumer Confidence Index (CCI) and the University of Michigan Consumer Sentiment Survey reported a drop in consumer confidence during June, but the CCI experienced an appreciably larger decline of 7.7 percent from May. The uptrend both indexes had been seeing since the third quarter of 2011 appears to have weakened considerably as the 3-month moving average declined… Read More ›