Health care and government were the top two drivers of job creation in 2023 and 2024, but that could change under a new administration.
Health care and government were the two sectors that saw the most job growth in both 2024 and 2023.Conversely, Trump's proposed tariffs could boost lagging sectors, such as manufacturing.
For the past two years, health care has dominated all other industries in terms of growth, aided partly by Covid-related spending. The health care and social assistance sectors added 902,000 jobs in 2024, according toSign up for NBC New York's News Headlines newsletter. "Healthcare and social insurance has been rising gangbusters for years now," Gould told CNBC in a Friday interview."Some of that is an aging population, some of it is just population growth.""There's already such high demand there and if we have mass deportations, that's certainly going to come at a cost forin those sectors," Gould said.
But, as with health care, the government sector could see workforce reductions under President-elect Trump's new Department of Government Efficiency, a strictly advisory body headed by Elon Musk and Vivek Ramaswamy that aims to slash government spending.
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.
NPR's Top Health Stories For 2024: Handwriting, Gut Health and MoreNPR health reporters delve into the latest research on brain health and stress management, highlighting surprising findings about the benefits of handwriting and the gut-brain connection.
Read more »
iPad Mini (2024) vs iPad Air (2024): Which One is Right for You?Apple's 2024 iPad lineup includes a refreshed iPad mini and a new iPad Air with two screen sizes. This comparison helps you decide between these two popular models.
Read more »
2024 Lookback: ‘Mufasa’ Meltdown Caps Unpredictable 2024 Box OfficeRevisiting 2024 box office predictions highlights missed expectations for “Mufasa,” “Joker,” “Inside Out 2,” “Deadpool” and more
Read more »
Top luxury campaigns of 2024: LVMH and Paris 2024The corporation's wine and spirits division Moët Hennessy, beauty retailer Sephora and jeweler Chaumet are among the brands that supported the premium partnership.
Read more »
2024 Golden Globe Awards Fashion Roundup + Faby's Best of 2024This article covers the red carpet fashion at the 2024 Golden Globe Awards, highlighting standout looks from Zendaya, Janelle James, Sheryl Lee Ralph, and Rihanna. It also promotes voting for various categories in The Fabys Awards of 2024, including Best Wig Hairstylist, Best Natural Hairstylist, Best Makeup Artist, Best Stylist, and Most Fashionable Couple.
Read more »
Here's how public health fared in 2024Viral outbreaks, extreme heat and access to clean water are among the year’s big public health headlines.
Read more »