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US Jobs Data Reveals Hidden Weakness in Key Sectors

According to @DowdEdward, recent U.S. job market data highlights troubling trends beneath the surface. While private education and health services accounted for 780,000 new jobs over the past 12 months, other sectors saw significant declines. The U.S. economy, excluding these roles, lost approximately 350,000 jobs. Government jobs dropped by over 200,000, manufacturing by 100,000, and transportation and warehousing also declined by over 100,000. Additionally, professional and business services, financial activities, and the information sector faced contractions. This suggests that headline job numbers may be masking underlying economic fragility.

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