The truth about the jobs report

From Quartz.

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The Bureau of Labor Statistics reported stronger-than-expected January job gains, highlighting concentration in non-discretionary sectors. The January jobs report from the Bureau of Labor Statistics shows health care added 82,000 jobs and social assistance 42,000, with additional gains in nonresidential construction. White-collar sectors declined, including financial services (-22,000) and federal employment (-34,000), while the unemployment rate held at 4.3 percent, higher than 4.0 percent a year earlier. Scheduled revisions to 2024–2025 payroll data, a routine practice aligning estimates with tax records, indicate weaker 2025 growth—the slowest in two decades outside recessions, per Yahoo Finance. ManpowerGroup’s Ger Doyle noted flat quits and modestly higher layoffs. #jobsreport #healthcare #jobgrowth #employmenttrends #economicupdate

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