There Was Some Awesome Jobs News Today


Forget the meh ADP report.

The best jobs news of the day was that stronger-than-expected construction number and a particularly strong residential construction number for December.

As the chart above makes clear, growth in residential construction leads construction jobs, so this seems like a pretty sure driver of more construction jobs on the way in the coming months.

Red: Construction spending growth. Blue: Residential construction spending growth. Green: Construction employment growth.

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