US Labor Market Shows Recession-Level Weakness Outside One Sector
BeInCrypto
The US labor market is currently sustained almost entirely by the healthcare sector, while the rest of the private economy experiences job losses.Summary
Recent data reveals that the US labor market is heavily reliant on the healthcare and social assistance sector for job growth. Since December 2024, this single industry has accounted for nearly all net private-sector job creation, while the remainder of the economy has faced a contraction. Analysts warn that without this specific sector, the broader US labor market would currently exhibit recession-level weakness.
(Source：BeInCrypto)