Construction Employment Growth Surges in February

Men shovel snow off the top of a building under construction in Franklin Lakes N.J. on Thursday. Job growth in February was led by a sharp increase in construction employment

The state's February jobs report will be released later this month. That was much stronger than economists expected and the biggest gain since July 2016, according to Labor Department figures published Friday.

Two weeks ago, the Federal Reserve estimated that "the labor market in early 2018 appears to be near or a little beyond full employment".

The overall jobless rate was unchanged from December and MA remained more than a half percentage point below the USA unemployment rate. That delighted investors: The Dow opened up 150 points.

The country's unemployment rate remained unchanged in February at 4.1 percent, while average wages for non-farm jobs increased by $0.04 to an hourly rate of $26.75.

For the first two months of the quarter, however, average hourly earnings have increased at a 3.3% annual rate, which according to JP Morgan economist Michael Feroli, would make it the strongest quarter of the expansion.

Hourly wages gained 0.2 percent in the month, matching analyst expectations but putting compensation up 2.6 percent over the same month past year - ahead of consumer inflation of 2.1 percent. Not to mention that amidst that whirl of job creation, some 800,000 people chose to get off the sidelines and join the labor force - the biggest reentry move in more than a decade. "Not to be outshined, the household survey reported a massive gain in employment amid a rise in the labor force participation rate, which posted the biggest one-month jump since April 2010". But it has stabilized in the past three years, even as millions of baby boomers have retired.

"We're heating up, but there's still plenty of room to pull more Americans back into the workforce", says Guy Berger, chief economist at LinkedIn.

Meghan Markle Has Secret Baptism Ahead Of Royal Wedding
The pupil from Oasis Academy in Worcester appeared excited to meet Meghan and she was hugged by Harry's bride-to-be. Women all over the world are celebrating International Women's Day , including some of your favorite celebrities.

Android P will Include Bluetooth HID Device Profile Service to Smartphones
This new feature is a step forward in expanding the inter-connectivity between the smartphone and other devices. A patch for this was committed back in December 2016, but has been disabled.

Anushka Sharma's Pari holds steady on day 3
As the movie has not been promoted on wider platform by the filmmakers, it can do considerable business on Indian box office. Anushka Sharma is doing great performance and we are sure that you all are going to love her acting skills in the movie.

"It is only a matter of time before we see more sustained increases in wages", she wrote. Job growth has averaged 242,000 over the past three months, above 2017's monthly pace of 187,000.

"With the economy growing, manufacturing on the upswing and businesses flush with cash from the tax cut, there's never been a better time to level the playing field for our steel communities", Mr. Paul said. “In addition to a massive top-line number, construction employment surged by 61,000 net new jobs.

But the strong growth, spurred by hiring in retail after layoffs previous year and gains in manufacturing and construction, did not boost wages.

President Trump's newly announced tariffs on most imported steel and aluminum drew sharp rebukes around the world today.

The results reportedly outpaced the expectations of economists, who had anticipated that about 200,000 jobs would be added in the month.

The labor market is benefiting from strong domestic demand, an improvement in global growth, and robust USA business sentiment following passage of the Trump administration's $1.5 trillion tax cut package. The broader economy is also showing unusual resilience: Its expansion since the Great Recession ended almost nine years ago is the third-longest on record.

The economy has expanded for 104 straight months, or almost nine years, the third-largest expansion on record, and hiring often declines as recessions fade further into the past.

Related News:

  • Russian Cargo Plane Crashes in Syria Killing All 32 on Board

    Russian Cargo Plane Crashes in Syria Killing All 32 on Board

    Khmeimim is a permanent Russian airbase in Syria, from where it carries out aerial operations in support of the Assad govt. A technical malfunction could have caused the crash, the ministry added, saying that the aircraft was not attacked.
    Say Hello To The McLaren Senna GTR: The Ultimate Track Weapon

    Say Hello To The McLaren Senna GTR: The Ultimate Track Weapon

    McLaren is pitching the Senna as a vehicle for the circuit first and foremost, rather than a road-based supercar. Those fenders are wider than before, stretched to accommodate a broader track at both ends of the auto .
    20 killed after truck falls into drain in Gujarat's Bhavnagar

    20 killed after truck falls into drain in Gujarat's Bhavnagar

    Everybody was laughing, singing traditional wedding songs and having a good time when they felt a bad jolt, he recalled. Prime Minister Narendra Modi has expressed grief and extended his condolences on the loss of lives due to the accident.
  • SC allows passive euthanasia by recognising 'living will' of terminally ill patients

    SC allows passive euthanasia by recognising 'living will' of terminally ill patients

    The directions and guidelines laid down by it and its directive shall remain in force till a legislation is brought on the issue. State of Punjab had held both euthanasia and assisted suicide not lawful in India .
    State of Decay 2 release date announced

    State of Decay 2 release date announced

    If you're interested, the IGN article has an exclusive gameplay teaser that you can check out and get a taste for what to expect. So yeah, those looking to pick up State of Decay 2 will certainly have some options, all of which offer a pretty good deal.
    Meghan Markle to be baptised in Kensington Palace by Archbishop Justin Welby

    Meghan Markle to be baptised in Kensington Palace by Archbishop Justin Welby

    Just last month, the Palace released all of the details about the couple's big day in a statement on social media . Her mother, Doria Radlan also reportedly attended the shower thrown in her daughter's honor.
  • Suresh Prabhu given aviation as additional charge

    Suresh Prabhu given aviation as additional charge

    Chowdary resigned on Thursday following the orders of their party chief and Andhra Pradesh Chief Minister N Chandrababu Naidu. Suresh was elected MP from Andhra as part of the TDP and BJP alliance forged in 2014 elections.
    Audi e-tron prototype revealed All-electric SUV previewed in Geneva

    Audi e-tron prototype revealed All-electric SUV previewed in Geneva

    A more coupe-like version of the e-tron is also planned, and both vehicles will be produced at Audi's plant in Brussels, Belgium. Alpine's new A110 is the first proper production model from the brand, though no word yet on when it will be on the road.
    Trump on Russian Interference in 2018: 'We'll Counteract Whatever They Do'

    Trump on Russian Interference in 2018: 'We'll Counteract Whatever They Do'

    Meanwhile, morale has plummeted as special counsel Robert Mueller's Russian Federation investigation appears to be heating up. The questioner later asked whether Trump is anxious about Russian influence in the 2018 election.
  • Spain: Women workers on strike

    Spain: Women workers on strike

    Marches in Madrid, Barcelona, Bilbao, Valencia and a number of other cities were leading events in 200 Spanish locations. What has the social media response been? "Unite against violence against women", one placard urged.

    Amazon.com, Inc. (AMZN) Position Reduced by Capital International Inc. CA

    Convergence Investment Partners LLC's holdings in Amazon.com were worth $858,000 as of its most recent SEC filing. Wilke sold 250 shares of the business's stock in a transaction dated Wednesday, February 28th. (NASDAQ:AMZN).
    New Zealand vs England 4th ODI

    New Zealand vs England 4th ODI

    England then exerted itself and shut down the run flow for more than an over, tipping the balance of the match in its favour. Incredibly, the Black Caps lost openers Colin Munro and Martin Guptill to ducks to bring Taylor to the crease at 2-2.


Most liked

West Ham boss Moyes confirms Hart recall
David Moyes called for West Ham supporters to get behind the team after a 3-0 home loss to Burnley was marred by crowd issues. West Ham supporters directed their anger at the club's owners sitting in the directors' box.

Police responding to hostage situation at home for military veterans in California
It is still an active shooter situation and the suspect has taken a few hostages, according to local fire officials. Police closed access to the large veterans home in Yountville after a man with a gun was reported on the grounds.

Chelsea Clinton Throws Ivanka Under The Bus
We've stayed close to one another, maybe a little less publicly so, but she's a good friend. I don't think that's a question you would ask many other daughters.

Senate Banking Bill Would Raise the Risk of Another Bailout, CBO Says
Warren said the Senate bill contained a change to wording that would allow the biggest banks to pressure the Federal Reserve . After 18 months, those requirements would no longer apply to banks with assets ranging from $100 billion to $250 billion.

I was Martin Shkreli's prison pen pal
In addition to prison, he has been ordered to pay over $7 million to the federal government in restitution. He also went viral after he purchased a Wu-Tang Clan album for $2 million and then used it as a coaster.

Curry (ankle) out at least two games
The Spurs' next two games are at Oklahoma City and at Houston, and they have 10-of-12 against teams now in the playoffs coming up. As a result, a handful of teams has scrambled to try to catch them, and another handful has decided instead to chase the future.

Toys 'R' USA may have to close all U.S. stores
It had too many stores, its stores were too large, and its digital and online offerings lagged far behind the competition. However, the result became worse more than expected during the holidays, casting doubt on the company's viability.

Former Trump Campaign Aide Flips On Grand Jury Testimony
Nunberg has been asked to provide information from November 1, 2015, through the present about Mr. Mueller is investigating Russian election meddling and any ties to the Trump campaign .

Statement by Min. Olivia Grange in Observance of Int'l Women's Day
The companies are expected to identify challenges facing women in the workplace and share recommendations about how to solve them. On International Women's Day , the United Nations and the world, join in the commemoration of this significant event.

Snow showers early, then a bit of sun before rain begins
So, it won't snow all day tomorrow but a snow start to the day and scattered afternoon snow showers is the plan for your Hump Day. According to weather.com, the chilly weather will begin today with a high temperature of 39 and a low of 22 throughout the night.

Clifford Swan Investment Counsel LLC Lowers Position in Target Co. (NYSE:TGT)
Excluding special items, the company announced adjusted income from continuing operation of $ 0.75 billion or $ 1.37 per share. Following the completion of the transaction, the insider now owns 13,288 shares in the company, valued at $1,019,721.12.

Calls for more equality in Church on International Women's Day
But serious obstacles remain if we are to address the historic power imbalances that underpin discrimination and exploitation. Within the European Union , this is not so much a question of women and girls lacking basic internet access or skills .

B. Riley Financial Inc. Invests $1.47 Million in Amazon.com, Inc
The e-commerce giant reported $2.16 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.85 by $0.31. Amazon Com Inc now has $743.38 billion valuation. (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st.

Watch Deontay Wilder vs Luis Ortiz Live on Showtime Championship Boxing
While Wilder had won 38 of his first 39 bouts by knockout, he has consistently drawn criticism for facing inferior competition. Wilder's chin seemed to be made out of steel because it was hard to figure how any mortal could remain standing.

Storm Leaves More than 1 Million Without Power in Northeast US
Utility crews worked around the clock to restore power to the affected areas, as almost 300,000 are struggled without electricity. Flood waters had receded in most areas, but Friday's storm had taken huge chunks out of the coastline in MA and other states.