While Wall Street enjoyed the long Easter weekend, the Fed job report was released on Good Friday. In a surprise, non-farm payrolls increased 178,000, well above the expected gain of 65,000, which could be seen as a positive for the economy. Unfortunately, the job gains were again concentrated in certain areas, notably the health care sector, led by 31,000 returning workers after the Kaiser Pemanente strike was resolved. According to economic sources, the health care sector has accounted for approximately 70% of all jobs created since 2022. The baby boomer generation has noticeably impacted society and the economy throughout their passage of time and now with the boomers aging (in eight years there could be more 85 year olds than those 18 and less) it comes as no real surprise that healthcare, particularly targeting senior citizens, is in growth mode and has been since outpacing both manufacturing and retail in the early 2000’s. Two take aways, healthcare is strong and vibrant with respect to career opportunities and secondly, the jobs numbers might not be as good as the talking heads may have you believe.
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Alone with My Thoughts – 4/6/26
While Wall Street enjoyed the long Easter weekend, the Fed job report was released on Good Friday. In a surprise, non-farm payrolls increased 178,000, well above the expected gain of 65,000, which could be seen as a positive for the economy. Unfortunately, the job gains were again concentrated in certain areas, notably the health care sector, led by 31,000 returning workers after the Kaiser Pemanente strike was resolved. According to economic sources, the health care sector has accounted for approximately 70% of all jobs created since 2022. The baby boomer generation has noticeably impacted society and the economy throughout their passage of time and now with the boomers aging (in eight years there could be more 85 year olds than those 18 and less) it comes as no real surprise that healthcare, particularly targeting senior citizens, is in growth mode and has been since outpacing both manufacturing and retail in the early 2000’s. Two take aways, healthcare is strong and vibrant with respect to career opportunities and secondly, the jobs numbers might not be as good as the talking heads may have you believe.
“You do the dreaming, we’ll do the math.”
— Leigh Baldwin
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