Jobs Report Slowdown: Healthcare Leads While Markets Cool
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Jobs Report Slowdown: Healthcare Leads While Markets Cool
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About this listen
In the latest episode, host Morgan Riley breaks down November's delayed jobs report, revealing a labor market that's cooling but not collapsing. The unemployment rate remains at 4.6% (the highest since 2017 outside pandemic times), while private employment added a modest 69,000 jobs. Healthcare and social assistance continue driving nearly all net job growth, with construction showing some strength in the nonresidential sector.
Meanwhile, federal government positions declined amid the shutdown, with additional losses in transportation, manufacturing, and retail. Wage growth has stabilized around 3.9% year-over-year, easing inflation concerns. The current "low-hire, low-fire" environment suggests caution similar to post-2008 recovery patterns, with economists projecting mixed results heading into 2026.
For professionals navigating this shifting landscape
This content was created in partnership and with the help of Artificial Intelligence AI
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