Everyone keeps saying the economy is roaring.


But there's a number worth understanding.
Strip out healthcare and the US economy has lost 202,000 jobs since January 2025.
One sector is carrying the entire jobs report on its back.
That's not necessarily a bad thing. Healthcare is real work. Real value. People are living longer and the system is growing to meet that demand.
But it does raise a question worth asking.
When one industry is doing the heavy lifting, what happens to the rest?
Diversified economies are resilient economies.
Nothing to worry about yet.
Just don't ignore it.
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