May's job data indicates strong growth, particularly in healthcare and service sectors, which added over 100,000 jobs. However, not all workers benefit equally. White-collar job seekers, new graduates, and middle managers are struggling, while those already in stable white-collar roles or entering healthcare enjoy better prospects. Economist Cory Stahle points out that while overall payroll numbers are positive, individual experiences vary greatly, reflecting a divided labor market. Growth in sectors like construction and retail is noted but at a slower pace compared to the previous year, highlighting ongoing disparities in job opportunities.
The latest jobs report shows that while payrolls have grown significantly, not every worker is experiencing the same level of success in the labor market, indicating disparities.
Employment in healthcare, service, construction, and retail has increased, but several sectors, particularly in white-collar roles, continue to face challenges.
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