Service Sector Drives Job Growth While Goods Production Falters
All employment gains stemmed from the service sector, which added 190,000 jobs. Consumer-facing industries, including trade, transportation, and utilities, led hiring with 56,000 new positions, followed by leisure and hospitality with 54,000. Education and health services also saw modest growth, adding 20,000 jobs.
Conversely, goods-producing industries continued to struggle, losing 6,000 jobs overall. Manufacturing was hit hardest, shedding 13,000 positions, highlighting ongoing weakness in industrial production.
Hiring Strength Evident Across Business Sizes
Job gains were distributed relatively evenly across business sizes. Companies with more extensive workforces led with 92,000 new positions, reflecting sustained employer confidence despite economic uncertainties….
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