US job growth concentrated in healthcare sector

The US job market is showing a stark divergence, with nearly all net job creation since January 2024 concentrated in a single sector. The healthcare and social assistance sector has added 1.7 million jobs over that period, while all other industries combined have lost 56,000 jobs. This data reveals an underlying weakness in the broader economy, despite headline employment figures. The trend highlights the economy's heavy reliance on one industry for employment growth.