It’s the Economy
Since December 2023, the U.S. healthcare and social assistance sector has added 1.76 million jobs while the rest of the private sector has lost nearly 128,000. This extreme concentration reveals a labor market dangerously reliant on one industry driven by demographics rather than broad-based growth. In this episode, we unpack the data, explore the implications for workers, businesses, and the Fed, and ask whether this is sustainable or a warning sign of deeper weakness.16 Subscribe for regular market and policy updates. Rate and review the show to help others discover it. For deeper geopolitical analysis, explore Foreign Affairs Circle and Spy Craft. Questions or topic suggestions are always welcome.
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