Eye On Housing
The U.S. economy entered 2019 with a strong gain in payroll employment. Total employment increased by 304,000 in January, while the unemployment rate edged up to 4.0%, reflecting the impact of the partial government shutdown. Residential construction employment increased by 23,900 at the beginning of 2019, the largest gain since February 2018. The total construction industry (both residential and nonresidential)… Read More ›
At the end of 2018, job growth surged. Total employment increased by 312,000 in December and the unemployment rate rose to 3.9%; however, this increase was good news because it was generated by growth in the labor force. Residential construction employment increased by 1,700 in December. The total construction industry (residential and nonresidential) added 280,000 jobs in 2018, more than… Read More ›
After a big job gain last month, hiring slowed in November. Total employment increased by 155,000 and the unemployment rate remained unchanged at 3.7%. Residential construction employment increased by 7,900 in November. The industry has added 205,000 jobs since 2017. According to the Employment Situation for November released by the Bureau of Labor Statistics (BLS), total nonfarm payroll employment rose… Read More ›
In the tenth month of 2018, total employment increased by 250,000 and the unemployment rate remained unchanged at 3.7%, suggesting a very strong job market. Residential construction employment increased by 16,600 in October and has risen by 143,500 over the last 12 months. Total nonfarm payroll employment rose by 250,000, following the increase of 118,000 jobs in September, according to… Read More ›
The labor market continues to be very strong as total employment increased by 134,000 and the unemployment rate declined by 0.2 percentage point to 3.7% in September. Residential construction employment increased by 4,400 and has risen by 139,600 over the last 12 months. In September, total nonfarm payroll employment rose by 134,000, following the increase of 270,000 jobs in August,… Read More ›
In August, jobs increased by 201,000 and the unemployment rate remained at 3.9%. Employment in residential construction continued to trend up. Over the month of August, total nonfarm payroll employment rose by 201,000, after the increase of 147,000 jobs in July, according to the Employment Situation reported by the Bureau of Labor Statistics (BLS). The July increase was revised down from… Read More ›
According to the Employment Situation reported by the Bureau of Labor Statistics (BLS), in July, jobs increased by 170,000 and the unemployment rate edged down to 3.9%. The labor force participation rate remained unchanged at 62.9%. The release also indicates that the number of construction jobs rose by 19,000 in July, after the 13,000 increase in June. Residential construction employment… Read More ›
According to the Employment Situation reported by the Bureau of Labor Statistics (BLS), in June, jobs increased by 213,000 and the unemployment rate rose to 4.0% due to the increase in the number of unemployed persons. The labor force participation rate rose by 0.2 percentage point to 62.9%. The release also indicates that the number of construction jobs rose by… Read More ›
The Bureau of Labor Statistics (BLS) reported the Employment Situation for May 2018. Jobs increased by 223,000 and the unemployment rate edged down to 3.8% in May. The growth rate of average hourly earnings accelerated slightly to 2.7%, but growth has largely been flat since 2016. The release also indicates that the number of construction jobs rose by 25,000 in… Read More ›
The Bureau of Labor Statistics (BLS) reported the Employment Situation for March 2018. In March, job gains slowed and the unemployment rate remained at 4.1%. Total nonfarm payroll employment rose by 103,000 in March, slower than the 326,000 job growth in February. The February increase was revised from its original estimate of a 313,000 increase. Despite smaller monthly increase in… Read More ›