Of the 782,000 non-farm jobs added in the first half of 2025, 69% were in health care & social assistance and government. An additional 21% came from leisure & hospitality, financial activities, and retail trade. In contrast, manufacturing employment declined by 10,000 jobs. The dominance of non-tradable service-sector employment—often tied to government spending or domestic consumption—raises concerns about the long-term implications for trade balances, public debt, and inflationary pressures.
Of the 1.81 million non-farm jobs added in the twelve months ending June 2025, 80% were in health care & social assistance, government, and leisure & hospitality. An additional 12% came from financial activities, transportation, and retail trade. In contrast, manufacturing employment declined by 89,000 jobs. The concentration of job growth in non-tradable, service-oriented sectors—many dependent on public funding or domestic consumption—raises concerns about long-term trade imbalances, rising public debt, and sustained inflationary pressures.
Dataset
U.S. Employment Added | |
---|---|
Thousand, June 2025 LTM | |
Jobs | |
Health care | 513 |
Government | 354 |
Social assistance | 323 |
Leisure and hospitality | 260 |
Transportation | 101 |
Financial activities | 89 |
Retail trade | 48 |
Rest of Activities | 209 |
Manufacturing | (89) |
Total | 1,809 |
Key takeaways
- Government was America’s fastest-growing job sector in June 2025, with a net gain of 73,000 jobs
- Four sectors lost jobs in June: Mining & logging, Wholesale trade, Manufacturing, and Professional & business services
- Government was America’s fastest-growing job sector in June 2025, with a net gain of 73,000 jobs
- Four sectors lost jobs in June: Mining & logging, Wholesale trade, Manufacturing, and Professional & business services
Government jobs created in June 2025
Dataset
Sector Net Change (June 2025) Government 73,000 Health care 58,600 Leisure & hospitality 20,000 Construction 15,000 Transportation & warehousing 7,500 Information 3,000 Financial activities 3,000 Retail trade 2,400 Utilities 600 Mining & logging -2,000 Wholesale trade -6,600 Manufacturing -7,000 Professional & business services -7,000
Sector | Net Change (June 2025) |
---|---|
Government | 73,000 |
Health care | 58,600 |
Leisure & hospitality | 20,000 |
Construction | 15,000 |
Transportation & warehousing | 7,500 |
Information | 3,000 |
Financial activities | 3,000 |
Retail trade | 2,400 |
Utilities | 600 |
Mining & logging | -2,000 |
Wholesale trade | -6,600 |
Manufacturing | -7,000 |
Professional & business services | -7,000 |