Tag Archive for ‘employment’

The Employment Situation for January – Moving In The Right Direction

The Bureau of Labor Statistics (BLS) released the Employment Situation report for January today. Annual revisions complicate the release, but the news is basically good. Payroll employment rose by 243 thousand in January, and the November and December figures were revised upward by a total of 60 thousand. The unemployment rate declined to 8.3 from 8.5 percent. For the January… Read More ›

The Employment Situation for December – Cautiously Optimistic

The Bureau of Labor Statistics (BLS) released the Employment Situation report for December today. From the establishment survey, payroll employment increased by 200 thousand, with private payrolls adding 212 thousand and government payrolls declining by 12 thousand. The October and November figures were revised, lowering payroll employment by 8 thousand for the period. From the household survey, the unemployment rate… Read More ›

Construction Jobs Continue Slow Growth per October JOLTS Data

Job Openings and Labor Turnover Survey (JOLTS) data for October from the Bureau of Labor Statistics reveal that the national economy, while sluggish, continues to trend better with respect to job openings. Total job openings for all non-farm sectors were essentially unchanged at 3.3 million. The job openings rate of 2.4% for October remains at levels last consistently experienced in 2008. The… Read More ›

Consumer Confidence Improves in November, but Remains Weak

The Conference Board’s Consumer Confidence Index (CCI) and the University of Michigan Consumer Sentiment Survey revealed a healthy increase in consumer confidence during the month of November. Both reports indicate consumers view current conditions more favorably and were more optimistic about the future, although the gains observed in the University of Michigan index were smaller. Unfortunately, even with these improvements,… Read More ›

The Employment Situation for October – Not Good News

The Bureau of Labor Statistics (BLS) released the Employment Situation report for October today describing October’s net addition of 80 thousand to payroll employment as trending up. The decline in the unemployment rate to 9.0 percent from 9.1 was characterized as little changed. I agree with the unemployment rate call because the increase of 277 thousand in the number of… Read More ›

Employment Data Show Sluggish Growth

Job Openings and Labor Turnover Survey (JOLTS) data for July from the Bureau of Labor Statistics show an economy that is still adding jobs, but at a rate that is too slow to significantly improve the current economic landscape, particularly for housing. On a national basis, the JOLTS data continue to show that job openings are growing. While layoffs ticked up… Read More ›

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 ›