Here’s where the jobs are in this slowing economy

Health services remained a flexible sector for business in July, even if the wider labor market shows more slowing signs. Bureau of Statistics Friday shows have been published.

Health and Social Assistance, 73,300 work was added last month, the highest growth of any group during this period. As some economists did, while involving special education in the health group, this growth would rise to 79,000 for the month.

In July, non -agricultural payrolls grew 73,000, ie health services, when the factoring fell from other areas, almost all these gains. In a different way, last month’s job report would have been negative if there was an exclusion of the health group.

“When you have health care and social assistance, essentially lifting in the growth of private payrolls [and] The Federal Government and the Government, the local government’s participation in June, you have to say, you should say that… There is a significant part of this, Bank said Mark Hamrick, a senior economic analyst, said to CNBC.

In June and May they saw upright revisions, the first was revised from 147,000 to 14,000, and the second fell from 144,000 to only 19,000. These changes show that business growth has been silently reduced for months. Nevertheless, there are some growing areas.

BLS said that the tendency of social assistance showed upwards “individual and family services ongoing business growth”. The outpatient health services and business growth in hospitals were similarly strong and increased by 34,000 and 16,000.

The total number of health and social assistance was 57,600 more than the retail trade with the second highest addition. This group added 15,700 jobs during the month.

Behind the retail trade, there was financial activities, a category of 15,000 earnings.

In contrast, more than half of the groups fall in the monthly period. Professional and business services fell by 14,000 to the payrolls from seven of the 13 retreated sectors.

In June, the government sector, which initially supported earnings, scored 10,000 jobs in July.

Other important categories such as production and wholesale trade have made a dive with government and professional and business services. Production lost 11,000 positions, wholesale trade fell by 7,800.

“This report is definitely creates a red flag.” He said. “We have another business report that will come before mid -September [Federal Reserve] The meeting, but I think we will examine the landscape – data view and anecdote landscape to see if this slow economic story is a more consistent story. “