Jobs Market Improving Modestly but Steadily

CNNMoney says ADP reports the private sector added 198,000 jobs in Feb., much more than the 150,000 economists were expecting, but well short of the 300,000 needed to fully stimulate the economy. Small businesses with under 50 employees added 77,000 workers, medium-sized businesses added 65,000, and large businesses with 500 or more workers added 57,000 personnel. 21,000 jobs were added to the construction roster, the sixth straight month of gains in that sector, which, as MHProNews has learned, is generally a good sign for the housing industry. However, furloughs from the sequestration cuts may begin a flurry of unemployment claims.

(Photo credit: Jeff Beiermann/the world herald)

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