Search Results for: construction

The Chart: Construction Employment

Here is THE CHART which encapsulates the bullish cyclical macro story in the U.S. and illustrates how monetary policy is really starting to gain some traction in the real economy.  With 150K jobs created in the past five months the … Continue reading

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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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Construction Employment Starting to Rebound

Though payrolls came in just below expectations, one positive take away from this morning’s data was the 30 thousand increase in construction jobs.   Almost all of the increase was in residential.   These are relatively well paying jobs compared to … 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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Will Construction Begin to Lead Job Creation?

Lots of chatter out there about a housing bottom and recovery.  Whether true or not the U.S. labor market sure could use one even though “residential building” employment as formally defined by the BLS is a surprisingly smaller share of … Continue reading

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Nonlinear Thinking: Drone High Rise Construction Workers?

Imagine if/when this becomes scalable.   Another potential example of the structural change taking place in the labor force and employment trends.  Remember the 11th Commandment:  Those who remain flexible shall not be broken (and better let your children grow up … Continue reading

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The Collapse of Construction Employment

Here’s a great chart from the BLS showing the collapse of construction employment from May 2006-10.  No surprise the largest declines are in the four housing bubble states — Nevada, Arizona, Florida, and California.   Stunning employment in this sector is … Continue reading

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U.S. Employment Situation – January 2014

Interesting that construction hiring was so strong given the poor weather. The BLS reported: Total nonfarm payroll employment rose by 113,000 in January, and the unemployment rate was little changed at 6.6 percent, the U.S. Bureau of Labor Statistics reported … Continue reading

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U.S. Employment Situation – September 2013

Total nonfarm payroll employment rose by 148,000 in September, and the unemployment rate was little changed at 7.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in construction, wholesale trade, and transportation and warehousing. – BLS (click … Continue reading

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Still Panda Bears

The FT video below  does good job explaining China’s continued addiction to debt. This is why we remain bears on China even as the recovery in the country’s manufacturing sector accelerates (apparently). Monetary policy and the financial sector are still … Continue reading

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