Incremental Trumps Transformational

The June 2024 ;Bureau of Labor Jobs Report was issued at the beginning of the month.;U.S. job growth continued—with health care accounting for 49,000 of the 206,000 new jobs.;This was lower than the average monthly gain in health care jobs of 64,000 over the prior 12 months (see;The Employment Situation — June 2024). Employment rose in ambulatory health care services (+22,000) and hospitals (+22,000).

Employment in the social assistance sector also increased, by 34,000 in June—with 26,000 of those jobs in family services. . . .