Tag Archives: Construction jobs

Construction Jobs Leading Nonfarm Payrolls

March lumber traded limit up today so we thought it is a good time to update our construction employment chart.   Many of the past months were revised up in the latest BLS release and the chart clearly shows the recovery … Continue reading

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The Hammering of the U.S. Construction Worker

Tomorrow we get another look at the health of the U.S. labor market. We have posted several pieces about how employment in the construction sector has failed to recover.  Ironically, this is the one sector, which historically, has been most … Continue reading

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Manufacturing Productivity

Interesting chart from the BLS showing multifactor productivity in the manufacturing industries.  Labor input saw huge gains in productivity in the past few years and some believe the sluggish recovery in employment is due to productivity increases. It’s going to … Continue reading

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U.S. Employment Situation – May 2012

Just as last month, the weak jobs report really crushed equities today. Note the destruction of construction jobs.  This is the one sector most sensitive to interest rates and should be leading the way in job creation with zero interest … Continue reading

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The Jobs Recovery By Industry

Tonight we look at the jobs recovery by various industries. After 25 months of expansion in the U.S. labor market,  41 percent of the total amount of jobs lost during Great Recession have been recovered.  The private sector has created … Continue reading

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The Tale of Two Recoveries

The Global Macro Monitor is running a series of charts this week analyzing the current jobs recovery. Today we have a couple of background charts looking at the change in monthly nonfarm payroll employment from January 1999 to the most … Continue reading

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Deconstructing the U.S. Employment Data

Take a look at construction employment.  Now you know why the President’s political handlers are so desperate to get the housing market turned around.  Normally  lower interest rates stimulates the construction and leads the economy out of recession.   This time … Continue reading

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