The Department of Labor released its monthly jobs report finding that in March 215,000 jobs were added with large growth in construction, retail, and health care fields. Yet, the overall unemployment rate increased from 4.9% to 5%.
The new data showed that construction firms added 37,000 jobs due in part to the warmer weather when most construction jobs take place. Furthermore, hourly earnings rose by 7 cents to an average of $25.43.
Within the construction industry, employment of workers involved in the construction of residential buildings (seasonally adjusted) increased to 717,700, a increase of 2.5% month-over-month. Following the trend seen in recent months, the biggest gains in construction employment occurred among residential specialty trade contractors, and in heavy and civil engineering construction, with an additional 12,00 and 11,000 jobs added, respectively.