Job growth dominated by gov’t and healthcare sectors, part-time jobs dominate.

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Government and healthcare sectors drive job growth, with 61% of net payrolls added in the last year. Despite a recent increase in full-time work, the economy has lost full-time jobs over the past 12 months, with all net gains in part-time employment. Employment of foreign-born workers has surpassed pre-pandemic levels, while native-born Americans lag behind. Total unemployed Americans hit a new high. Rising unemployment signals potential recession, prompting caution in financial markets.

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