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July Construction Job Openings and Labor Turnover Report Released

A closer look at the Bureau of Labor Statistics (BLS) July Job Openings and Labor Turnover Survey (JOLTS), with analysis provided by the National Association of Home Builders (NAHB) and a look specifically on the construction sector, reveals that the number of open construction jobs declined in July to 321,000 unfilled positions. Overall, hiring in the construction sector remained substantial in July, increasing to a rate of 5.2%.

Weekly Jobless Claims Decline in the Week Ending September 4, 2021

The U.S. Department of Labor is reporting that an additional 310,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, September 4, 2021. This is a decrease of 35,000 from the previous week’s revised level, the lowest level for initial claims since March 14, 2020, when it was 256,000.

Mortgage Applications Decline for Second Consecutive Week in the Week Ending September 3, 2021

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey (WMAS), for the week ending September 3, 2021, the Market Composite Index — a measure of mortgage loan application volume — decreased -1.9% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased -3% compared with the previous week.

Job Opening and Labor Turnover Survey for July 2021

The U.S. Bureau of Labor Statistics (BLS) today (9-8-21) reported its Job Opening and Labor Turnover Survey (JOLTS) for July 2021. According to the JOLTS report, as of the last business day in July, the number and rate of job openings was at a series record high of 10.9 million, or +749,000. The job openings rate increased to 6.9%.