The U.S. economy spiked in June, adding 281,000 jobs, according to the today’s employment report from payroll-processing firm ADP and their partner Moody’s Analytics. This is up from May’s report of 179,000 and April’s revised number of 205,000. "Judging from the job market, the economic recovery remains fully intact and is gaining momentum,” said chief economist Mark Zandi in a press release.
The increased employment in the construction industry more than doubled from May (17,000 jobs added) to June (36,000 added). “The number of construction jobs added was particularly encouraging, representing the highest total in that industry since February of 2006,” said president and CEO of ADP Carlos Rodriguez in a press release.
The manufacturing industry saw a slight increase—from 11,000 jobs added in May to 12,000 added in June. This is a significant boost from the beginning of the year, when the industry experienced a loss of 11,000 jobs.
The professional and business services sector, a broad category that most likely includes architects and engineers, recovered from its downturn in May by jumping from 46,000 jobs added in May to 77,000 in June.
The U.S. Bureau of Labor Statistics report is scheduled for release tomorrow morning, providing more detailed information about the economic state of the construction and architecture fields.
Charts: Maggie Goldstone; Source: ADP, Moody's Analytics