The recent jobs report indicates a concentrated recovery in the U.S. labor market, with significant job growth primarily in two sectors: healthcare and leisure/hospitality. In May, the U.S. added 139,000 jobs, with healthcare employment growing by 252,000 and leisure/hospitality by 122,000 from February, amounting to 92% of overall job growth. However, white-collar job opportunities have diminished, particularly in professional services, reflecting broader economic divides. Economist Cory Stahle emphasized the importance of job seekers' industry focus as the employment landscape remains uneven across sectors.
Cory Stahle highlighted that the recovery reflects deep disparities in employment opportunities, emphasizing the growing divide between sectors in the job market than ever before.
The May jobs report revealed a robust growth of 252,000 in healthcare and 122,000 in leisure and hospitality, accounting for 92% of job growth since February.
Collection
[
|
...
]