Healthcare drives all US job growth since 2017; other sectors lose jobs amid steady rates and inflation.

Since 2017, healthcare and social services added about 901,000 jobs while all other sectors lost jobs, highlighting a stark labor market divide. This trend is partly due to slow population growth limiting overall job creation. Despite strong healthcare hiring, the Federal Reserve is unlikely to cut interest rates soon, keeping borrowing costs high and impacting sectors differently. Investors favor healthcare insurers, pharmacy chains, banks with strong margins, and real estate investment trusts with high yields. The next key indicators to watch are the June FOMC meeting and upcoming inflation data, which could shift monetary policy and market dynamics.