While the current number is short of expectations, it does still represent growth. We seem to be in a market where slow growth is better for the markets because the Federal Reserve can theoretically not have to worry about economic readings that are too hot.
Small businesses were shown to add 94,000 jobs. Medium-sized businesses accounted for 63,000 jobs, and large businesses added 56,000 of the jobs. By segment these jobs broke down into Service jobs with reading of 181,000 and goods-producing jobs that came in at 31,000 for the month of February.
By industry, they were as follows:
- Construction, 31,000
- Manufacturing, 3,000
- Trade/transportation/utilities, 31,000
- Financial activities, 20,000
- Professional/business services, 34,000
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