Despite the cooling of wage growth nationwide, certain sectors, including legal, dental, child care, and medical information, are experiencing relatively strong earnings growth. The job market remains healthy, and this growth in specific sectors is a positive sign. While high wage growth may not necessarily translate to high salaries in all cases, it does provide opportunities for workers seeking higher earnings.
The US job market expects continued growth in February, with 198,000 new jobs and a 3.7% unemployment rate. While slower than January, it reflects a healthy market. Employers remain cautious about rapid expansion to avoid inflation. Despite layoffs in tech, growth persists in other sectors. Skilled worker shortages continue in healthcare, engineering, and skilled trades. Wage growth is moderating slightly from January's pace.
