Here's where the jobs are for September 2024 — in one chart
Here’s the rewritten article as a markdown document, excluding the specified details:
September Jobs Report Shows Strong, Broad-Based Growth #
The September jobs report revealed surprisingly strong growth, with contributions coming from various sectors of the economy.
Key Growth Areas #
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Leisure and Hospitality: Added 78,000 new positions
- Food services and drinking places saw a significant increase of 69,000 jobs, notably higher than recent monthly averages
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Health Care and Social Assistance: Contributed 71,700 new jobs
- When combined with private education, this category potentially becomes the largest growth area for the month
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Government: Added 31,000 jobs
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Construction: Increased by 25,000 jobs
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Professional and Business Services: Grew by 17,000 jobs, marking a positive shift from recent job losses in this sector
Broad-Based Growth and Multiple Job Holders #
The report indicates fairly broad-based job growth across various sectors. However, it’s worth noting that the percentage of workers holding multiple jobs rose to 5.3%.
Areas of Job Loss #
Two sectors experienced minor job losses:
- Manufacturing
- Transportation and Warehousing
Both categories saw decreases of fewer than 10,000 jobs each.
Economic Implications #
The strong job report suggests that the economy may continue to grow above trend in the upcoming quarter. However, the rise in multiple job holders is seen as a potential caution flag in an otherwise positive report.