Where The Jobs Were: Manufacturing, Construction Workers Soar
by Tyler Durden
ZeroHedge.com
Mar 10, 2017
There has been a distinct shift in the composition of job gains in the first full job report under Donald Trump: whereas in the recent past, jobs under Obama were mainly focused in low-paying, minimum-wage categories, such as retail, hospitality, education and, of course, food service and drinking places, in February there was a notable change with some of Trump’s favorite sectors, such as manufacturing and construction posting dramatic gains.
While all sectors of the economy, with the exception of retail and utilities, expanded payrolls in February, it was the jump in manufacturing employment, which increased 28,000, and the largest increase since August 2013, that caught analysts’ attention. Employment rose in food manufacturing (+9,000) and machinery (+7,000) but fell in transportation equipment (-6,000). Over the past 3 months, manufacturing has added 57,000 jobs.
The Rest…HERE
