Economy Watch: January Jobs Numbers Mixed, Budget Deficit Shrinks | Multi-Housing News Online

By Dees Stribling, Contributing Editor, MHN Online

The tepid increase in U.S. jobs in January had economists, who had predicted renewed strength after December’s subpar report, puzzled about the situation. Even so, some segments of the economy created a fair number of jobs last month, according to the Bureau of Labor Statistics.

The construction industry, for instance, saw a surge of hiring, adding 48,000 jobs during January, which more than offset a decline of 22,000 in December. There were job gains in both residential and nonresidential building (up 13,000 and up 8,000, respectively) and in nonresidential specialty trade contractors (up 13,000). Heavy and civil engineering construction added 10,000 jobs.

via Economy Watch: January Jobs Numbers Mixed, Budget Deficit Shrinks | Multi-Housing News Online.

 

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