Meanwhile, the private sector showed resilience, with healthcare leading employment gains. The sector added 52,000 jobs, maintaining its strong momentum from the past year. Financial activities also expanded, adding 21,000 positions, while transportation and warehousing saw an 18,000-job increase. However, job growth in social assistance slowed to 11,000, below its 12-month average.
Retail and Part-Time Employment Raise Concerns
Retail employment remained weak, shedding 6,000 jobs, with food and beverage retailers particularly hard hit due to strike activity. Despite growth in warehouse clubs and supercenters (+10,000 jobs), the overall retail sector struggled, showing little net change over the past year.
The number of part-time workers for economic reasons surged by 460,000 to 4.9 million, signaling growing uncertainty in full-time employment opportunities. Additionally, the number of individuals outside…
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