Eye On Housing
Home building is an industry dominated by small businesses around the nation. Data from the Bureau of Labor Statistics (BLS) reveal the many job categories within the industry and their relative concentrations. Previous NAHB research has examined the geographic scope of the building industry, as well industry surveys that present a census of builders and associated businesses. BLS data from… Read More ›
Tag Archive for ‘employment’
The Employment Situation for January – The Road to Nowhere
The Bureau of Labor Statistics (BLS) released the Employment Situation report for January. The report was disappointing overall but had a mix of good, bad and extenuating circumstances to keep the labor market outlook in limbo for a second month. The establishment survey showed payroll employment expanded by 113,000 in January, following an upwardly revised 75,000 increase in December. The… Read More ›
Young Adults Living with Parents Up Sharply
New NAHB Economics research shows that the share of young adults ages 18 to 34 living with parents or parents-in-law increased sharply in the late 2000s. According to the most recent American Community Survey (ACS), one in three young adults ages 18 to 34, or more than 24 million, lived in homes of their parents or parents-in-law in 2012. By… Read More ›
The Employment Situation for November – The Fed’s Next Move Is Getting Closer
The Bureau of Labor Statistics (BLS) released the Employment Situation report for November. Payroll employment expanded by 203,000 and the prior two months were revised for a net increase of 8,000. The pattern in job growth is beginning to look like the substantial and sustained improvement in the labor market that the Federal Reserve has identified as the condition for… Read More ›
The Employment Situation for October – Employed Or Unemployed, That Is The Question
The Bureau of Labor Statistics (BLS) released the Employment Situation report for October and the results are all over the map. Because of different definitions used in the surveys, the impact of the partial federal government shutdown was negligible in the establishment survey but substantial in the household survey. And unrelated to the shutdown and furloughed federal workers there was… Read More ›
The Employment Situation for September – Pre-Shutdown Slowdown
The government shutdown caused a data blackout at the federal government statistical agencies. The lights are back on but the view could be better. The Bureau of Labor Statistics (BLS) had the employment data collected but the processing and release was delayed by the shutdown. The Employment Situation report for September was softer than expected. From the establishment survey, total… Read More ›
The Employment Situation for August – Employment at the Fed
A mixed jobs report starts the drum-roll for the September meeting of the Federal Open Market Committee (FOMC), as analysts speculate over whether the committee will announce the start of tapering the Fed’s bond purchase program (QE3) or hold off until the December meeting. The Bureau of Labor Statistics (BLS) released the Employment Situation report for August. From the establishment… Read More ›
The Employment Situation for July – Not Sinking, Not Swimming
A somewhat disappointing employment report capped a week of economic reports, including GDP from the Commerce Department and monetary policy from the Federal Reserve (GDP/FOMC), that point to an economy treading water. The Bureau of Labor Statistics (BLS) released the Employment Situation report for July. From the establishment survey, total nonfarm payrolls expanded by a lower than expected 162,000, with… Read More ›
The Employment Situation for June – Food For Thought
The Bureau of Labor Statistics (BLS) released the Employment Situation report for June. Total payrolls expanded by 195,000, with the private sector adding 202,000 and government subtracting 7,000. The previous two months were revised up by a total of 70,000. Homebuilding payrolls expanded by 5,200. The unemployment rate was unchanged at 7.6%. The labor force expanded by 177,000 and the… Read More ›
A Nation of Builders
NAHB Chairman Rick Judson will be testifying on June 4 on the state of the residential construction sector before the House Energy and Commerce Committee. His statement highlights the state of the housing industry, its importance for economic growth, and fiscal and policy challenges the sector faces. As part of that analysis, NAHB used data from the recently released 2011 Census Survey… Read More ›