Posted March 4, 2022

Manufacturing and construction jobs added in February

The nation's manufacturers and contractors added jobs in February, as nonfarm payroll employment rose by 678,000. The unemployment rate edged down to 3.8 percent.

Manufacturing added 36,000 jobs during the month. Employment in durable goods industries rose by 20,000, with job gains in fabricated metal products (+11,000), machinery (+8,000), electrical equipment and appliances (+4,000), nonmetallic mineral products (+3,000), furniture and related products (+3,000), and primary metals (+3,000). These gains were partially offset by a job loss in motor vehicles and parts (-18,000). Nondurable goods manufacturing also added jobs over the month (+16,000). Since February 2020, manufacturing employment is down by 178,000, or 1.4 percent

Construction added 60,000 jobs in February, following little change in the prior month. About three fourths of the over-the-month job gain occurred in specialty trade contractors, with increases in both the residential (+24,000) and nonresidential (+20,000) components. Construction employment is slightly below (-11,000) its February 2020 level.

Wholesale trade added 18,000 jobs in the month; employment in the industry is 113,000, or 1.9 percent, lower than in February 2020.

Mining employment rose by 9,000, with gains in support activities for mining (+6,000) and in oil and gas extraction (+2,000). Mining employment has grown by 62,000 since a recent low in February 2021.

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