For the US economy in January, health care once again became the highlight of the US economy Work growth Showing signs of slowing down.
Data on job growth in different areas of the Bureau of Labor Statistics show that health care and social assistance are the leading categories, adding 66,000 jobs. The retail trade and government are also strong, with more than 30,000 jobs added to each.
According to the bureau, healthcare growth roughly matches the growth rate in 2024. The increase in retail jobs is even more surprising, as the department showed “small net change” last year.
There are some weaknesses, professional and commercial services lost 11,000 jobs. Leisure and hospitality employment, one of the biggest areas of job growth following the Covid-19-19 pandemic, also shrank slightly.
Overall, net work growth of 143,000 was well below the 307,000 upside revised growth in December. However, unemployment rates fell and wage growth was strong, showing a stable and stable job market despite the low title count.
Looking at January, “What we are seeing is a labor market that is basically fully employed. So, I think the real problem in the future is that we can maintain full employment,”Squawk Box. ”
