Here’s Where Jobs are Actually Growing And Shrinking In Today’s Economy
The U.S. labor market added 115,000 nonfarm payroll jobs to the economy in April, marking the first time in a year that job gains were posted for two months in a row, according to the Bureau of Labor Statistics.
On the surface, the job market appears to be resilient despite trade wars, actual shooting wars, and concerns about artificial intelligence displacing workers. But Cory Stahle, senior economist at Indeed, says beneath the headlines a more concerning picture emerges.
“There are several different things we need to look at,” he says. “We’re seeing the time it's taking people to find jobs once they become unemployed has been gradually rising. We’re seeing at a higher level that people are participating less in the labor force and they’re saying, ‘Hey, I'm not even going to bother trying to find a job.’ So that means we’re seeing more people just hitting the sidelines. And then the other real weakness, which kind of looks like a strength, but I think it's actually a little bit of a weakness, is the concentration that we've seen in health care jobs.”
Drilling down on the April jobs report, health care saw the largest job gains with 37,000 jobs added to the economy, followed by transportation and warehousing adding 30,000 jobs. Meanwhile, industries like........
