Construction job growth hits 7-year high

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While today’s job’s report was disappointing on nearly all fronts, there was one bright spot that shone through the dismal numbers: sustained construction-job growth.

“The solid increase in construction employment in March, which brought the average monthly gain during the first quarter to 30,000 jobs, the biggest in seven years, supports the view that the housing recovery will continue to march on despite headwinds from fiscal drags,” said Fannie Mae Chief Economist Doug Duncan in a statement.