Marketplace Labor force participation dropped last month
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Jun 6, 2025 The latest jobs report reveals a concerning drop in labor force participation. While healthcare and hospitality see growth, manufacturing and retail struggle. Trade tensions with China complicate e-commerce for vendors facing rising tariffs. Innovation in California's Central Valley showcases tech's role in agriculture, merging tradition with modern efficiency. Additionally, a nonprofit focuses on improving mental health resources for the Latino community, supporting cultural needs and immigrant families.
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Job Growth Concentrated in Few Sectors
- Most of the 139,000 new jobs in May came from healthcare and leisure sectors.
- Other sectors like manufacturing, retail, and professional jobs showed declines or stagnation.
Tariffs Affecting Job Growth Breadth
- Tariffs deter hiring especially in trade-dependent manufacturing and retail sectors.
- Job growth was not broad-based, with as many industries shedding as adding jobs in May.
Data Visibility Risk in Agency Restructuring
- Proposed restructuring of economic statistical agencies risks weakening data visibility.
- Though data is still trustworthy, fewer resources limit detailed economic insights.