Three cheers for Friday! And the monthly jobs report from the U.S. Departmetn of Labor which marked an improvement from January.
As per CNN, the 175,000 new jobs last month topped economists’ anticipations. Considering the winter has been colder than normal, economists were expecting smaller numbers. It’s amazing how weather can impact the bottom line whether it’s closed offices or cancelled flights. Businesses can lose power, consumers may stay inside instead of eating out and your productivity may plummet as you temporarily “work” from home (and by that, we mean surfing social media).
In particular, for industries impacted by weather such as construction, numbers were surprisingly decent. Construction added 15,000 jobs whereas restaurants and bars added 20,100 jobs and education and health services added 33,000 new opportunities.As for office work, strongest hiring numbers point to professional and business services thereby adding 79,000 new jobs last month. Although the reports will continue to generate month after month the only thing we can truly do is keep plugging away.