The labor market started the new year with a solid gain. Total payroll employment increased by 225,000 and the unemployment rate was 3.6% in January. Residential construction employment increased by 20,200 in January, the largest gain in the past twelve months. Total construction industry (both residential and nonresidential) employment totaled about 7.6 million in January. The Bureau of Labor Statistics… Read More ›

Total payroll employment increased by 266,000 in November, while the unemployment rate declined to 3.5%. Residential construction employment was little changed (-500) in November, after an increase of 5,400 jobs in October (revised). Total construction industry (both residential and nonresidential) employment totaled about 7.5 million in November. The Bureau of Labor Statistics released the Employment Situation Summary for November. Total… Read More ›

The job market is slowing but still showing solid gains as total employment increased by 136,000 and the unemployment rate declined by 0.2 percentage points to 3.5%. Residential construction employment increased by 3,400 in September, after an increase of 100 jobs in August (revised). Total construction industry (both residential and nonresidential) employment totaled about 7.5 million in September. The Bureau… Read More ›

In July, total nonfarm payroll employment increased by 164,000, while the unemployment rate held at 3.7%. Residential construction employment increased by 7,400 in July, after an increase of 5,000 jobs in June. The total construction industry (both residential and nonresidential) employment was about 7.5 million in July. According to the Employment Situation Summary for July, released by the Bureau of… Read More ›