Financing

Construction Sector Comes in Fourth in March Job Gains

April 8, 2019

Construction saw 16,000 jobs added in March, making it the sector with the fourth-largest job growth.

CNBC reports that construction came in behind health and education services (70,000 new jobs), professional and business services (37,000 new jobs), and leisure and hospitality (33,000 new jobs). The U.S. economy overall added 196,000 jobs last month, beating economists’ expectations by about 16,000.

The manufacturing industry, a priority for President Donald Trump, saw its first decline since July 2017. The sector lost 6,000 jobs last month versus a January addition of 13,000 and February’s measly 1,000. Within the industry, employment in motor vehicles and parts declined in March by 6,000.

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