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Strong U.S. employment driven by sectors less sensitive to business cycles
Abstract: The U.S. has enjoyed strong payroll job gains in the past couple of years despite generally restrictive monetary policy. The sectoral composition of employment reveals job growth has been concentrated in areas that are the least sensitive to national employment fluctuations over the business cycle.
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https://www.dallasfed.org/research/economics/2025/0401
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2025-04-01