The July jobs report fell short of expectations, with only 114,000 jobs added compared to the anticipated 175,000. Yahoo Finance reporters Brooke DiPalma, Ines Ferré, and Madison Mills analyze the report, focusing on the sectors that saw the most significant gains.
Healthcare led the way with 55,000 new jobs in July. This increase was distributed across various subsectors: home health care services added 22,000 jobs, hospitals contributed 20,000, and nursing and residential care facilities saw a 9,000 job increase.
The construction sector added 25,000 jobs in July. This growth was primarily driven by specialty trade contractors and seasonal summer employment. However, the sector continues to deal with an ongoing labor shortage.
Transportation and warehousing saw an addition of 14,000 jobs in July. However, this sector faced challenges, with transit and ground passenger transportation losing 11,000 jobs. The trucking industry, in particular, weighed heavily on the sector’s overall performance.
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