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UpInArms

(53,404 posts)
5. A one legged stool is what we now have
Fri Aug 1, 2025, 01:31 PM
Aug 1
That lack of breadth was wildly apparent in July: Health care and social assistance, which added 73,300 jobs, accounted for the entirety of the month’s overall gains.

“There was a three-legged stool holding up the labor market; we had state and local, leisure and hospitality, and health care and social assistance,” Swonk said. “And now we’re down to one.”

“A one-legged stool is dangerous,” she added.

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