Health Care & Social Assistance Accounts for a Majority of US Job Creation for Three Straight Years.
2026 is off to a better start than 2025, assuming you believe the jobs data.
Regardless, we are in a very low job growth environment, heavily dependent on taking care of aging boomers instead of producing anything.
Healthcare and Social Assistance Month-Over-Month Change
Starting in 2024, but especially in 2025, the job economy became totally dependent on Health Care.
Health Care and Social Assistance Detail
In 2025, there was negative net job creation six times. Health care lost jobs only once.
Fewer and fewer people are paying into the system as more and more boomers retire, dependent on Medicare and Social Security.
Yet, economic illiterates are demanding that Trump deport 20 million people as if there are job replacements.
The economy would immediately crash if the racist illiterates got their way because the boomers will still be here needing services.
Mass deportations would cause an immediate shortage of skilled trades like roofing, electrical, framing, tile work, mechanics, and meat packing.
There would also be an immediate shortage of non-skilled labor, especially in leisure and hospitality, and agriculture.
The price of labor would skyrocket, and inflation along with it.
Fed In a Nasty Spot
The Fed, Congress, and Trump are in a nasty spot.
The Fed may or may not understand this setup, but Trump and Congress surely don’t.
Related Posts
July 1, 2026: Manufacturing ISM Up 6 Straight Months, Employment Down 33 Straight Months
Price growth moderated but have input prices have rapidly increased for 21 months.
July 2, 2026: ADP Reported 98,000 New Jobs in June.
Job creation was uneven in June. Financial activities and information were among the gainers, while leisure and hospitality delivered a sixth month of weak hiring.
“The pace of hiring is telling a story of both supply and demand. We know it’s taking people longer to find work, but there also are signs of labor supply constraints in certain industries. For now, the overall effect is a slowdown in job creation,” said Dr. Nela Richardson ,Chief Economist, ADP
July 2, 2026: Jobs Market: What’s Hot, What’s Not, and What’s Shaky?
There’s some interesting changes so far this year compared to 2025.
July 2, 2026: Economy Adds Only 57,000 Jobs in June, Huge Negative Revisions
Employment dropped by 507,000. The unemployment rate fell because the labor force plunged by 720,000.
Leisure and Hospitality is no longer adding jobs, according to two reports. That’s a significant change.
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