Health care and government lead job growth in 2024 as Trump administration may shift dynamics

In 2024, health care and government sectors led job creation, adding 902,000 and 440,000 jobs, respectively. This follows a strong performance in 2023, where health care added 966,000 jobs and government 709,000. Under President-elect Donald Trump, job growth dynamics may shift. Potential mass deportations and changes to foreign labor visas could impact the health care workforce, which relies heavily on immigrants. Manufacturing and mining sectors, which saw minimal growth in 2024, might benefit from Trump's proposed tariffs. However, the overall impact on job creation remains uncertain.