The July jobs report fell short of expectations, with only 114,000 jobs added compared to 175,000 expected. Yahoo Finance reporters Brooke DiPalma, Ines Ferré and Madison Mills analyze the report, focusing on the sectors that saw the most significant gains.
The health sector leads with 55,000 new jobs in July. This increase was spread across various subsectors: home health care services added 22,000 jobs, hospitals contributed 20,000, and nursing and residential care facilities saw an increase of 9,000. jobs.
The construction sector created 25,000 jobs in July. This growth is mainly attributable to specialized contractors and seasonal summer jobs. However, the sector continues to face a persistent labor shortage.
Transportation and warehousing saw the creation of 14,000 jobs in July. However, this sector has faced challenges, with mass 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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