Tag Archive for ‘employment’

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 ›

Homebuilders Struggle to Add to Payrolls

Starts of new single-family homes have jumped approximately 26% since May 2011 (and more than 46% since bottoming out in early 2009). Unfortunately, the rebound in starts does not appear to have bolstered job creation within the residential construction sector as payrolls have inched 1% higher in the past year. The homebuilding industry as a whole, which includes building contractors… Read More ›

The Employment Situation for May – More Bad News

The Bureau of Labor Statistics (BLS) released the Employment Situation report for May. Total nonfarm payrolls increased by 69 thousand in May with private payrolls adding 82 thousand and government taking away 13 thousand. The March and April estimates were revised downward by 49 thousand for those months, and the unemployment rate ticked up a tenth to 8.2 percent, based… Read More ›

The Employment Situation for April – More Disappointing

Last month’s employment report included a preliminary estimate of total non-farm payroll growth of 120 thousand in March – disappointing. Today’s report includes a preliminary estimate of 115 thousand added jobs in April – more disappointing. The Bureau of Labor Statistics (BLS) released the Employment Situation report for April today. Payrolls increased by 115 thousand in April, the February and… Read More ›

Construction Self Employment Rates are on the Rise

Construction is known for employing a relatively high share of self employed workers. In fact, according to the 2010 American Community Survey (ACS), the construction sector registers the second highest share of self-employed among all industries, more than 26 percent of the employed labor force, i.e. more than one in four construction workers are self employed.  Only agriculture has a… Read More ›