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(PATK) Construction on a Tear – Zacks Industry Rank Analysis

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Construction Jobs on the Rise What did I find most encouraging about the December ADP private payroll and Federal government jobs reports? A revival in construction jobs. Although ADP said rebuilding after Superstorm Sandy likely lifted their December construction jobs gain, this is nevertheless the seventh month in a row for adds to construction. The +39,000 ADP job adds in construction was the best number since February 2006. ADP financial activities were up +14,000, a 16th month straight positive run. This was the best financial activities job add number since March 2006. This pair of sectors moves together: one finances projects, the other builds them. What a nice positive feedback loop. It takes the overall macro economy system up in a cyclical fashion. A serial pick-up in jobs means strong

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