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let s look behind the numbers on the jobs report. christine romans hosts your bottom ne. gives us a breakdown of the february jobs numbers. i often say there s the good, the bad, and the ugly in the numbers. this time it s the great, the good, and the ugly. the great first. when you look within the private sector hiring, 36 months in a row of private sector job creation, 36 months. that s what we want, companies confident in deploying their assets by hiring people. where are they hiring? business services, up 73,000. construction up 48,000. that s a sign of strength in the housing market. there were some construction jobs earlier, maybe last year, probably because of hurricane sandy rebuilding, but now you re seeing help from construction because of housing. and health care, 32,000 jobs in health care. we ve seen that again and again and again. there are two economies in america. one is health. the health care economy. the other economy is the one the rest of us live in. then the ....
First. next week we get a big picture on the state of the economy. it will be bad. growth of only 1%. that implies we re very early in this baseball game and our team is down. that is the negative side. the other side of the coin is this. we have really several bright spots in the economy. one, housing. building up, construction up. prices up. home sales all of them are up. that is a bright spot. that is leading us higher. second the stock market, dow industrials, only 300 points away from a all-time record high. your 401(k) is looking a lot better. domestic energy production is way up. if we build the pipeline and frack some more it will be up even more than that there are two sides in the argument. early in the game, our team is down or yes we are in the 7th inning and things are looking up as we head beyond the stretch. martha: here comes the part where stuart says, in my opinion, where are we, stuart? in my opinion we re still for the rest of this year going to bump along. i will ....
Counter intuitively at the end of the lame duck session in december and point to that and point to a measure of credit that they can take for the sinking unemployment rate, yes, i would say the mood is better. manufacturing, up 33,000 jobs. construction up 33,000 jobs. business and services, 47,000 jobs. one dark lining around that silver cloud, if you will, is the fact that retail sales are down. when you look at it there are still 13.7 million americans who are unemployed. so as the white house is fond of saying it s good news, but it s a first step, they still have got a long way to go. from an economic standpoint and certainly from a political standpoint as well, because so much depends, the president s political fortunes, on how high or low that unemployment rate is around the middle of next year. good news for the president. john mccain of arizona, senator joe lieberman of connecticut released a statement which reads we strongly support president ....
Appeared on the daily rundown and here is what he had to say. this three-month drop in the unemployment rate was the biggest in 27 years. we re setting the stage and the conditions for the private sector to stand up. reporter: more good news. manufacturing up 33,000 jobs. construction up, 33,000 jobs. business services up 47,000 jobs. health care industry up 34,000 jobs. if there is a dark cloud for the silver lining, it is that retailers have trimmed jobs and state and local governments, they all know the plight they re under as we ve seen in wisconsin and elsewhere. really, really in the red as far as their budgets are concerned. they ve lost a lot of jobs in state and local government. lynn? mike, let s take a look at this afternoon, the president is going to be heading to florida teaming up with jeb bush there in florida to tackle education. talk about an unlikely pairing. reporter: well, you know, there s some mending fences apparently now between jeb bush and maybe the ....
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