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What is the Employment Picture in the U.S. Really Saying?
Jobs Data
As in previous months, the private sector accounted for all the job gains in February, with an addition of 222,000 positions, up from a mere 68,000 job additions in January. This represented the largest gain since April 2010. Does this represent a sign of recovery?
Once you examine these job additions, you will see that the trend of low-wage, low/no-benefit, dead-end jobs remains firmly intact. [1]
Payrolls in the goods-producing industries saw a weather-related bounce of 70,000, with construction increasing 33,000 after shedding 22,000 jobs in January. Manufacturing, a sector that is powering the “recovery,” added 33,000 jobs.
So is manufacturing making a come back in the U.S.? See for yourself.