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The actual report is here. Seasonally-adjusted industry sector totals are table B-1: https://www.bls.gov/news.release/empsit.nr0.htm https://www.bls.gov/news.
by nostrademons 3y ago
The actual report is here. Seasonally-adjusted industry sector totals are table B-1:
https://www.bls.gov/news.release/empsit.nr0.htm https://www.bls.gov/news.release/empsit.nr0.htm
The improvement is pretty broad-based: aside from healthcare and government (which actually increased below-trend), there were decent-sized increases in construction trades, retail, professional services, manufacturing, and education. Even the tech industry posted an increase, though not a particularly large one.
Interestingly, the large increase in travel & hospitality that I'd heard about last year seems to have petered out, and that sector is roughly normal. These are also employment numbers, not job openings, and so they reflect actual hires rather than advertised positions.
You're correct that the pattern of industries does seem indicative of a potential recession brewing: capital-intensive industries like mining equipment, civil engineering, and credit intermediation all posted decreases, and these are often leading indicators for a potential recession. But the recession may be farther off than many people currently suspect.
- rsynnott 3y ago> Interestingly, the large increase in travel & hospitality that I'd heard about last year seems to have petered out, and that sector is roughly normal. That makes sense, I think; last year it would have been busy recovering from covid (it was _very_ hard-hit), but there's only so much covid recovery you can do.