A few notes on the March job numbers, which the GOP has been touting. The biggest growth sector was the health care industry, with strong hiring in ambulatory care, hospitals, and nursing and residential care facilities.
What happens if Trump and the GOP AGs win their lawsuit to declare the Affordable Care Act unconstitutional, throwing 20 million people off of health insurance? Those health care jobs will disappear fast. And the economy?
The manufacturing sector lost jobs due to Trump’s trade war. Leisure and hospitality jobs are low-paying. Construction jobs are seasonal, so there was an uptick in March as the weather improved.
The stock market didn’t receive this job report with applause.