Inside the Jobs Report: Leading Employment Categories in Focus

Friday, 6 September 2024, 13:13

Inside the jobs report, healthcare, leisure, and government continue to dominate employment gains. These sectors accounted for over 80% of new jobs last month, showcasing their critical role in the current job market. Notably, construction also showed resilience amidst a declining housing market.
LivaRava_Finance_Default_1.png
Inside the Jobs Report: Leading Employment Categories in Focus

Overview of Employment Gains

The latest jobs report highlights that healthcare, leisure and hospitality, and government have been pivotal in creating new employment opportunities in a dwindling job market.

Key Employment Statistics

  • Leisure and Hospitality - 46,000 new jobs
  • Health Care and Social Assistance - 44,000 new jobs
  • Government - 24,000 new jobs

Collectively, these industries accounted for a staggering 80% of all new jobs in the recent month surveyed.

Additional Insights

Even in a cooling housing market due to high mortgage rates, construction added 34,000 jobs. This is notable as builders have continued to maintain employment levels amidst market challenges.

Challenges in Other Sectors

Conversely, hiring trends have not been as favorable in manufacturing and retail, indicating a mixed landscape across various industries.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe