Justin Wolfers Warns of a 'Pink Collar' Economy Amid July Jobs Report: 'If You Don't Wear Scrubs… You're Losing Jobs'
Economist Justin Wolfers warns of a 'pink collar' economy as the U.S. sheds 23,000 jobs in July, with only the healthcare sector hiring.
In July, America lost jobs in most areas, but healthcare jobs—like nursing and doctor work—kept growing. When only one part of the economy is hiring while others aren't, it can tell us something about which companies and industries might be strong or struggling.
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