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forlorn_mammothtoday at 1:42 PM13 repliesview on HN

What is also interesting is that the only sector thad added jobs was health care.


Replies

eigenspacetoday at 1:55 PM

Healthcare has consistently been one of the biggest drivers of US GDP and job growth numbers for years now.

This is one of the major things that has helped explain why US consumer sentiment has been so out of step with headline numbers like employment, consumer spending, and GDP.

It also helps explain why there's so many economists are saying they see limited evidence of a "K-shaped economy", and say they see positive numbers throughout the distribution. It's very difficult to choose not to buy healthcare.

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grueztoday at 2:12 PM

https://en.wikipedia.org/wiki/Baumol_effect

Any sector that's resistant to productivity growth is liable to become bigger and bigger part of the economy.

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codegeektoday at 3:00 PM

I don't call that Heathcare. It call that Heath"Scam" run by Big Pharma and Insurance Mafia.

biophysboytoday at 3:02 PM

Based on their July 2026 report, there were tiny increases in several sectors. The big declines were in service providing, leisure and hospitality, and government (bc of a summer decline in local gov education).

peter_stokestoday at 2:09 PM

i think population pyramids will basically guarantee growth of that sector in almost all first world countries for thenext few decades

jordanbtoday at 2:11 PM

I don't think many of the BBB healthcare cuts have hit yet.

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jmuguytoday at 1:50 PM

This has been the case in several recent reports. It really ought to put to bed the idea that Trump was somehow going to be "good for business" and bring back manufacturing. At best all he's done is create a ton of uncertainty, at worst he's actively harmed massive swaths of American businesses with tariffs, war, and gutting the federal workforce and programs that indirectly supported a ton of businesses.

pixelesquetoday at 1:47 PM

It was the same in June I think...

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chasd00today at 3:05 PM

there's a massive wave of elderly coming (boomer generation) so it makes sense health care is going to becoming an even bigger economic force than it already is.

nprztoday at 2:11 PM

Wealthy, aging boomers with increasing need for health care, makes sense.

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weezingtoday at 3:00 PM

Clankers won't replace medical workers as fast. People get older and have less children too.

carlosjobimtoday at 2:52 PM

Not strange. All the money and wealth is in the hands of the olds and olds need much more health care than the young. So it's a gold rush to get their juicy dollars.

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eethrowawaytoday at 2:47 PM

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