Friday’s impressive jobs report, which showed an economy creating 192,000 new jobs in February, was even more impressive than you might think. The sheer quantity of jobs created — nearly 200,000 — was the best monthly figure in several years, but it’s the types of jobs created that really matter. The factory sector and the construction sector created 33,000 jobs apiece, aiding a six-figure jump in service-sector employment. The factory sector had been shrinking for nearly two decades, while and the construction sector has been on the ropes since 2007. That now looks set to… Read More
Friday’s impressive jobs report, which showed an economy creating 192,000 new jobs in February, was even more impressive than you might think. The sheer quantity of jobs created — nearly 200,000 — was the best monthly figure in several years, but it’s the types of jobs created that really matter. The factory sector and the construction sector created 33,000 jobs apiece, aiding a six-figure jump in service-sector employment. The factory sector had been shrinking for nearly two decades, while and the construction sector has been on the ropes since 2007. That now looks set to change and I’ve found just the way to profit. The virtuous cycle Service-sector jobs are important, but the factory and construction sectors really hold the key to a sustained upturn. That’s because they both form the backbone of capital spending, and it’s becoming increasingly clear that cash-rich companies are finally opening the spigot, laying the groundwork for the coming years. Once the process starts, it builds a head of steam as companies all along the economic food chain work to build inventories, upgrade equipment, and modernize or expand facilities. In the… Read More