Healthcare Sector Adds 901,000 Jobs Under Trump

According to a report by 24/7 Wall St. citing economist Justin Wolfers, the healthcare and social services sector has added approximately 901,000 jobs since President Trump took office, while every other sector of the economy has lost jobs on net.

Details

Wolfers noted that this significant growth in healthcare jobs reflects increasing demand for health services due to an aging population and expansion of healthcare programs. In contrast, sectors such as manufacturing, retail, and hospitality have seen employment declines.

Context

These figures come amid structural shifts in the U.S. economy, with healthcare emerging as a key employment pillar. Major companies like JPM (JP Morgan), which has exposure to the healthcare sector through financing, and UNH (UnitedHealth) and CVS (CVS Health) may benefit from this trend.

What It Means for Investors

While the report does not provide direct investment recommendations, investors may consider healthcare companies like UNH and CVS as potential beneficiaries of job growth in the sector. Additionally, JPM, as a major investment bank, could benefit from increased economic activity in this area.