Key Takeaways Even though real GDP contracted in the first quarter triggering recession fears, residential specialty trades contractor employment stayed even month over month and is 5% higher than ...
Jobs & Labor
The Skilled Trades in America: How the Great Resignation Could Provide Great Opportunity for the Skilled Trades
Today we launched the second annual edition of our flagship report The Skilled Trades in America. This original research provides a deep dive into the trade labor shortage, job satisfaction in the ...
A Lesson from the July Jobs Report: Consider a Career in the Trades
Where does the economy stand with Covid-19 Delta variant cases spiking, inflation higher than expected, and the housing and home services markets continuing to boom? If July’s labor market report ...
Residential Trades Employment is Already 4% Higher than the Start of the Pandemic
Residential building jobs, which track closely with home service employment and act as part of the training pipeline for new home service workers, are now up 4% since the start of the Covid-19 ...
Do We Need A Permanent Shift in Service Employment?
Employment in January grew by a disappointing 49,000 new jobs to a total of 142.6 million. Average monthly job growth absent a global pandemic would typically be 300-400% higher and average job ...
The Recovery Stalls, But Not For Housing
December was a disappointment for job growth across the economy with total payrolls dropping for the first time since the start of payroll employment recovery in May. The 1% job loss means the ...
The Skilled Trades in America: New Insights & Research
Today our research team released Skilled Trades in America, a report that examines America’s home service professionals and identifies the ways in which the industry can strengthen, grow, and ...
February Jobs Report – Construction Employment off to a Remarkable Start
February saw continued strength in the labor market, with an increase in total payrolls of 273,000, and specialty trade contractor and residential construction jobs growing by 26,000 and 10,000 new ...
What the January Jobs Numbers Can Tell Us About Skilled Trades Going Into 2020
January was a banner month for job creation, our third best month in the last five years, but the overall broad performance of construction over the last decade is an important trend. It continues to ...
Two Important Lessons from Job Creation in 2019
December 2019 job creation was 145,000The unemployment rate remained unchanged at a very low 3.5%Construction employment's share of total employment ticked up to Source: Bureau of Labor ...