Tag Archive for ‘employment’

Employment Data Indicate a Slowing Construction Labor Market

Bureau of Labor Statistics data from the June release of the Job Openings and Labor Turnover Survey (JOLTS) are consistent with the economic weakness currently reflected in significant stock market declines. Nonetheless, we continue to forecast that 2011 will be a year of a small net expansion of construction sector employment. However, job openings for construction fell in June, perhaps suggesting some slowing of… Read More ›

The Employment Situation for July – Better Than (Very Low) Expectations

Friday’s Employment Situation report for July from the Bureau of Labor Statistics (BLS) beat expectations, but only because expectations were so low.  The net gain in total payroll employment of 117 thousand looks good after the dismal May and June figures of 25 thousand and 18 thousand, respectively, reported last month. The May and June numbers were revised upward to… Read More ›

Construction Spending Declines despite Small Gain in Homebuilding

Private residential construction spending slipped 0.3% on a month-to-month basis in June, which represents the fourth such decline of the current calendar year. On a year-over-year basis, total spending activity for the private residential construction sector contracted 2.1%. June 2011 marked the 11th consecutive month in which spending fell compared to the previous year. The initial estimate for May was… Read More ›