Last week\’s jobs report — a combination of the Department of Labor\’s Non-farm Payrolls Report and Unemployment Rate — provided investors and job seekers with unexpected good news. Job growth for February handily exceeded most economists expectations of 160,000 by adding 236,000 new jobs. According to the Bureau of Labor Statistics, employment increased in business and professional services, construction and healthcare:
- Business and professional services added 73,000 jobs
- Construction added 48,000 jobs. Of these, 17,000 jobs were for residential construction.
- Healthcare added 32,000 jobs