Hiring is HIGHLY concentrated right now in just 3 industries. Good luck finding a job if you aren't in one of these sectors. Healthcare, social assistance, and state+local gov't (mainly K-12 education) made up 94% of the jobs added in June. Healthcare, social assistance, and state+local gov't made up 78% of the jobs added in the past 6 months. Healthcare, social assistance and state+local gov't made up 69% of the jobs added in the past year. We need to watch this. Is it AI? Is it tariffs/uncertainty? Is it a "renormalization" after a lot of post-pandemic hiring? Whatever the cause, this is concerning and not a sign of a healthy labor market. #jobs