A Few Areas Of The Economy Where Jobs Are Growing Like Wildfire

The website of the St. Louis Federal Reserve has just put up all the data from this morning’s strong jobs report, so that pretty much takes care of the rest of our afternoon.

To start, we wanted to show a few charts that showing industries that are really doing well.

First, check out construction. The growth isn’t bonkers, but… let’s put it in context. Construction jobs are growing! This is a huge development.

cahrt

Photo: FRED

At nearly 2.5% year-over-year growth, we’re looking at some of the fastest numbers since the mid-90s. Very nice.

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Photo: FRED

Now here’s some serious, mega growth. MINING. That’s growing at over 12% on an annualized basis. Seriously good.

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Photo: FRED

And though government jobs aren’t growing yet, this was one of the best months for government job losses — just 14K — in a long time.

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Photo: FRED

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