The United States economy added 295,000 nonfarm jobs in February, according to the latest monthly employment report released today by the U.S. Bureau of Labor Statistics (BLS).
This growth is significantly stronger than the 212,000 jobs that ADP and Moody's Analytics reported this week. February's growth is also stronger than January's growth, which the BLS revised in today's report from the initially reported 257,000 jobs added down to 239,000 jobs added.
The construction industry added 29,000 jobs, manufacturing added 8,000 jobs, and architectural and engineering services added 4,900 jobs. In both construction and manufacturing, growth slowed dramatically in February from January and December.
Growth in residential and nonresidential construction was similar in February, adding 16,700 jobs and 15,700 jobs respectively. Heavy and civil engineering and residential construction of buildings posted job losses, but residential specialty trade contractors experienced an acceleration of job growth from January.
Charts: Maggie Goldstone; Data source: U.S. Bureau of Labor Statistics