Economic Update: Strong Job Growth Driven By Construction Industry 

Businesses added 298,000 jobs in February, continuing a second month of solid job growth, according to the ADP National Employment Report. The growth was driven by intensive hiring in construction and manufacturing.

The US Bureau of Labor Statistics reported a national increase of 58,000 construction jobs in February of this year. Within the construction industry, heavy and civil engineering construction added 15,000 jobs and specialty trade contractors added 36,000 jobs.

Employment growth in specialty trades was split between residential (+15,000) and nonresidential (+22,000) trades. Over this year, construction employment has grown by 219,000 jobs. To read the full report, click here.

Also, the mining industry posted modest job gains for the second month in a row, a sign of guarded optimism in a sector that has lost over 230,000, or 25 percent of its employees, since the peak in 2014.