In January, the health care sector continued to be a strong contributor to the U.S. economy, even as overall job growth began to show a slowdown.
Health care and social assistance led the way in job creation, adding 66,000 new positions. The retail trade and government sectors also performed well, each creating over 30,000 new jobs.
The growth in the health care sector aligns with the rates observed in 2024, indicating a steady demand for professionals in this field. The increase in retail jobs was noteworthy, as this sector had seen minimal changes in employment levels during the previous year.
However, there were some areas of decline. The professional and business services sector experienced a loss of 11,000 jobs, and employment in leisure and hospitality, which had previously been robust following the Covid pandemic, also saw a slight reduction.
Source (CNBC)
