Health care and retail were strong areas for the U.S. economy in January.
Health care was a bright spot once again for the U.S. economy in January, even as overallData on job growth in different areas of the economy from the Bureau of Labor Statistics showed health care and social assistance as the leading category, adding 66,000 jobs. Retail trade and government were also strong, adding more than 30,000 jobs apiece.
The gains in health care were broadly in line with the growth rates from 2024. The jump in retail jobs was more surprising, as that sector showed "little net change" last year, according to the bureau. There were some pockets of weakness, with professional and business services losing 11,000 jobs. Employment in leisure and hospitality, one of the biggest areas of job growth after the Covid pandemic, also shrank slightly.
Overall, the net job growth of 143,000 was well below the upwardly revised growth of 307,000 in December. However, the unemployment rate fell and wage growth was strong, pointing to a solid and steady job market despite the lower headline number. Looking at January, "what we see is a labor market that's basically operating at full employment. And so I think the real question going forward is: Can we sustain full employment?" University of Michigan professor and former Department of Labor chief economist Betsey Stevenson said Friday on "
Unemployment Jobs United States Personnel Labor Economy Breaking News: Markets Breaking News: Economy Economy Markets Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Frankencar 2025: The best of the Motor Authority Best Car To Buy 2025 finalistsTaking the best bits from our award finalists this year, this latest creation is electric with power, style, and three rows of seats.
Read more »
AIMA Tech Unveils 2025 eBike Lineup at CES 2025AIMA Tech, a global leader in sustainable mobility, unveils its groundbreaking 2025 eBike lineup at CES 2025. The new lineup features eight new models and three upgraded designs, each tailored to meet diverse rider needs.
Read more »
GQ Bowl 2025: Bode Aujla's Spring 2025 Collection Takes Center Stage in New OrleansGQ will partner with American designer Emily Adams Bode Aujla to present the inaugural GQ Bowl fashion show on February 7th at Hotel Peter & Paul in New Orleans. The event will showcase Bode Aujla's Spring 2025 Bode Rec. collection, inspired by her father's football past and the vibrant festival culture of New Orleans. The show will be livestreamed on GQ.com and feature a VIP party and all-access coverage.
Read more »
Edmunds' hybrid SUV test: 2025 Hyundai Tucson Hybrid vs 2025 Toyota RAV4 HybridIf you’re in the market for a hybrid SUV, don’t miss out on this comparison.
Read more »
Ten Fall 2025 Menswear Trends for Your 2025 MoodboardThese fall 2025 menswear trends paint a portrait of a fashion industry in flux as this year shapes up as one of transition.
Read more »
Kick off 2025 with health and wellness at the ‘New Year, Healthy You’ Health FairThe new year is the perfect time to focus on your well-being, and the 1st Annual “New Year, Healthy You” Health Fair is here to help you start 2025 on the right foot.
Read more »