Nonfarm payrolls grew by just 114,000 in July, down from 179,000 in June, the Bureau of Labor Statistics reported on Friday.Job seekers
While some market areas like the information services sector posted a loss of 20,000 in Friday's jobs report, other job sectors might still have "Help Wanted" signs on their doors.Nonfarm payrolls grew by just 114,000 in July, down from 179,000 in June, the agency reported on Friday. Meanwhile, the unemployment rate increased to 4.3%, the highest since October 2021.
Health care and social assistance took the lead in job creations by adding 64,000 openings, according to the BLS. Other growing sectors include construction ; leisure and hospitality ; government ; transportation and warehousing ; wholesale trade ; retail trade ; and manufacturing .It can be hard to optimize the job search on a growing sector because of cyclical market fluctuations, economists said.In some cases, that might involve going back to school, Pollak said.