The Bureau of Labor Statistics' April jobs report, released May 2, showed somewhat surprising overall employment gains, with an increase of 177,000 jobs for the month.
And thanks to specialty trade contractors, in particular, construction was among the industries adding workers last month, posting an overall gain of 11,000 positions.
Specialty trade contractors—including both residential and nonresidential firms—collectively showed an overall gain of 9,000 positions
My Thoughts 💭
Can’t tell if the sector is contracting or expanding. Another mixed signal for sure.