Tag Archive for ‘employment’

The Employment Situation for February – Mixed, But With Homebuilding on Top

The Bureau of Labor Statistics (BLS) released the Employment Situation report for February and the results look good but are more mixed than they look. The establishment survey shows payroll employment increased by 236,000, a decent number, but once again private sector payrolls increased (by 246,000) while the government sector continued to shrink (a loss of 10,000). The estimate for… Read More ›

One Point in the HMI Eventually Means 37,000 Jobs

Every month, the NAHB/Wells Fargo Housing Market Index  (HMI) provides an overall measure of builder confidence in the strength of the single-family housing market. Also every month, the U.S.  Bureau of Labor Statistics (BLS) produces estimates of employment in residential construction  (or at least it has since 2001, when it began to split jobs in the various trades into residential… Read More ›

Open Construction Jobs, But No Hiring Surge Yet

Despite the expansion of home building activity in 2012, construction sector employment growth remains positive if tepid, according to government statistics. For the construction sector, Job Openings and Labor Turnover Survey (JOLTS) data from the Bureau of Labor Statistics (BLS) indicate that hiring levels continue to be strong enough to create net jobs (hiring minus separations). However, December hiring was notably weak,with the hiring total for the… Read More ›

BLS Data Revision: Home Building Employment Up

New Bureau of Labor Statistics (BLS) data indicate that employment in the home building industry was stronger over the last two years than initial estimates suggested.  We reported on the preliminary benchmark adjustment back in September. Due to the adjustment, the BLS estimates an additional 422,000 jobs were added to the economy as of March 2012. The revision occurs as the BLS annually supplements its estimates… Read More ›

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 ›