As the number of jobs created by the U.S. economy blew away Wall Street expectations, one of the most notable aspects of the report was the strong rebound in the construction industry. Last month over 60,000 jobs were created and the sector has added 185,000 jobs over the past four months. The rebound in construction bodes well for the U.S. economy as the housing market is a key pillar in the strength of the overall economy. On the other hand, the billionaires in Silicon Valley actually subtracted from employment gains, with a net loss of 12,000 jobs in the “Information” category.
Change in jobs by Industry in February
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March 12, 2018