A closer look at the BLS Job Openings and Labor Turnover Survey for May, released on Tuesday (7-1-25), with a focus on residential job openings, with additional analysis provided by the National Association of Home Builders (NAHB), reveals that the number of open construction sector jobs was effectively unchanged from a revised 242,000 in April to 245,000 in May.
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U.S. Construction Spending Declined Month-Over-Month and Year-Over-Year in May
On Tuesday, The U.S. Census Bureau reported that total construction spending Construction spending during May 2025 was estimated at a seasonally adjusted annual rate of $2,138.2 billion, 0.3% below the revised April estimate of $2,145.5 billion.
U.S. Job Openings and Labor Turnover Summary Little Changed in April 2025
On Tuesday, BLS reported the results of its Job Openings and Labor Turnover Summary (JOLTS) for May 2025. In May the number of job openings was little changed at 7.8 million. Job openings increased in accommodation and food services, up 314,000, and in finance and insurance up 91,000. That was partially offset by a decrease in federal government job opening which were down 39,000.
U.S. Housing Market Continues to Experience a Surge in Canceled Home Purchase Agreements
According to the latest data from the National Association of Realtors (NAR) the US housing market is facing renewed pressure, […]
U.S. Mortgage Application Payments Increased in May 2025
The Mortgage Bankers Association (MBA) reported on Thursday (6-26-25), that according to its Purchase Applications Payment Index (PAPI), which measures […]
Despite Economic Challenges Single-Family Starts Rebounded in 2024
According to the National Association of Home Builders’ (NAHB) analysis of the 2024 Survey of Construction (SOC), despite persistently high […]
Canadian Gross Domestic Product by Industry Trended Lower in April
Statistics Canda (StatsCan) reported on Friday (6-27-25), that Canadian real domestic product (GDP) edged 0.1% lower in April, following a […]
U.S. Bureau of Economic Analysis Reports Personal Income and Outlay Declined in May
The US Bureau of Economic Analysis (BEA) reported on Friday (6-27-25), that according to their estimates, Personal Income (PI) decreased […]
University of Michigan Releases the Final Results of its Consumer Sentiment Index for June 2025
On Friday, the University of Michigan released the Final results of its Surveys of Consumers for June. The Index of Consumer […]
Canadian Employment, Payrolls and Hours Data for April
Statistics Canada (StatsCan) announced the results of its Survey of Employment, Payrolls and Hours on Thursday, June 26. According to […]