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Photo: National Cancer Institute / Unsplash · United States

Market watch · 28

Health care and social assistance out-hired the whole US economy

In the year to September the sector added 520,400 jobs and all US payrolls 496,000, so every other sector together lost 24,400.

The September jobs report added 29,000 jobs, and the year behind it holds a sharper fact: one sector added more jobs than the American economy did. Here is where the year’s 496,000 jobs came from and where they went, what the payroll survey counts and what it does not, and what it changes if you are hiring or looking for work in the United States.

+520,400jobs added by health care and social assistance in the twelve months to September 2026
+496,000jobs added by all US payrolls over the same twelve months
-24,400every other sector together, the desk’s arithmetic on the two figures above

One sector added more jobs than the whole economy

Health + social520,400
All payrolls496,000
Health care371,800
Social assist.148,600
Jobs added in the twelve months to September 2026, seasonally adjusted: health care and social assistance, all US payrolls (total nonfarm), and the two parts of the sector, health care and social assistance. US Bureau of Labor Statistics, payroll survey, read through FRED on 3 October 2026.

More than the whole economy

In the twelve months to September 2026, health care and social assistance added 520,400 jobs; American payrolls as a whole added 496,000. The Bureau of Labor Statistics published the September figures on 2 October 2026, and September itself added 29,000.

Every other sector put together therefore lost 24,400 jobs over the year. That is the desk’s arithmetic: the twelve sectors of the payroll survey add up to the total, to within rounding, so the rest is the total minus the one sector.

Health care alone added 371,800 of the 520,400, three quarters of the whole economy’s gain, and social assistance added 148,600. Within health care, ambulatory services, such as doctors’ offices and home health care, added 213,300, hospitals 108,100 and nursing and residential care 50,400.

Provenance: Source
Jobs on US payrolls by sector, September 2025 and September 2026, seasonally adjusted, with the change in jobs and in per cent. The twelve sectors add up to the total to within rounding; largest gain first. US Bureau of Labor Statistics, payroll survey (Current Employment Statistics), through FRED. September 2026 is preliminary.
SectorSeptember 2025September 2026Change, jobsChange, %
All payrolls (total nonfarm)158,548,000159,044,000+496,000+0.31%
Health care and social assistance23,438,20023,958,600+520,400+2.22%
Professional and business services22,359,00022,482,000+123,000+0.55%
Construction8,255,0008,364,000+109,000+1.32%
Leisure and hospitality16,907,00016,969,000+62,000+0.37%
Trade, transportation and utilities28,725,00028,778,000+53,000+0.18%
Manufacturing12,612,00012,652,000+40,000+0.32%
Other services6,005,0006,039,000+34,000+0.57%
Mining and logging605,000607,000+2,000+0.33%
Private educational services4,050,3004,046,400-3,900-0.10%
Financial activities9,189,0009,082,000-107,000-1.16%
Information2,859,0002,739,000-120,000-4.20%
Government23,543,00023,327,000-216,000-0.92%

Where the rest went

Outside health care and social assistance, private employers added 191,600 jobs and government lost 216,000. Federal employment fell by 232,000 and state government by 25,000, while local government added 41,000.

Professional and business services added 123,000 jobs and construction 109,000; information lost 120,000 and financial activities 107,000. Leisure and hospitality added 62,000, trade, transportation and utilities 53,000 and manufacturing 40,000.

Payrolls fell in four of the twelve months: October and December 2025, February and July 2026. The year’s gain came from the other eight.

What the payroll survey counts

It counts positions, not people. The survey asks employers how many people are on their payroll, so a person with two jobs counts twice and nobody is followed from one job to another.

It sorts them by the employer’s industry, not by what the job is. A receptionist at a hospital counts in health care; a nurse placed by a staffing agency counts in professional and business services.

And its latest months are first estimates. The BLS revises each month twice in the following reports and benchmarks the March level to tax records once a year.

Provenance: SourceWhat this counts
  1. JOBS, NOT PEOPLE: the payroll survey asks employers how many people are on their payroll, so a person with two jobs counts twice, and nobody is followed from one job to the next.
  2. THE EMPLOYER’S INDUSTRY, NOT THE OCCUPATION: a receptionist or a cook employed by a hospital counts in health care; a nurse employed by a staffing agency counts in professional and business services.
  3. A FIRST ESTIMATE: the latest two months are revised in the next two reports, and every March level is benchmarked once a year to tax records. September 2026 is preliminary.

So 520,400 does not say that half a million more people work as nurses or carers: it says that employers in health care and social assistance had 520,400 more positions on their payrolls in September 2026 than a year earlier, whatever those positions are.

One survey of employers, counting positions by the employer’s industry, and a reading that forgets either says what the source does not.

What these figures do not say

They name no cause. An ageing population, immigration, federal policy, tariffs, interest rates and artificial intelligence have all been offered to explain American jobs, and none of them is measured here.

They do not say that anyone lost a job or found one. A sector with fewer positions may have people who moved to another sector, retired or are looking, and this survey cannot tell which.

They are not the unemployment rate, which comes from a different survey of households, and they say nothing about pay or hours. None of this is a forecast.

What this means for you

If you are looking for work in the United States

Health care and social assistance added 520,400 jobs in the year to September, more than the whole economy, while every other sector together lost 24,400. The survey counts the employer’s industry, not the job: hospitals, clinics and care homes also hire receptionists, billing clerks, cooks, drivers and IT staff. If your trade is not clinical, include those employers in your search before you conclude that nobody is hiring.

If you are hiring outside health care

Information lost 120,000 jobs over the year and financial activities 107,000, while health care and social assistance added 520,400. For an office or technical role, expect to compete with health employers for the same applicants, and look at candidates from information and finance, the two private sectors that shed the most jobs. The survey counts positions, not people, so it cannot say how many of them are looking.

How this was counted

Method

  1. One survey. US Bureau of Labor Statistics, Current Employment Statistics (the payroll survey), as published in “The Employment Situation - September 2026” on 2 October 2026, read through FRED, the Federal Reserve Bank of St. Louis’s database, on 3 October 2026 at 19:55 (+01:00). bls.gov refused automated reads (403) that day; FRED carries the same series.
  2. SERIES. All monthly, seasonally adjusted, thousands of jobs: total nonfarm (PAYEMS), the twelve sectors in the table, health care (CES6562000101) and its three industries, social assistance (CES6562400001), the private sector (USPRIV) and federal, state and local government.
  3. ARITHMETIC. A change in jobs is the difference between two published levels; a change in per cent is computed on the same levels. The twelve sectors add up to total nonfarm to within 500 jobs of rounding in September 2025 and exactly in September 2026, so “every other sector” is the total minus health care and social assistance: 24,400 fewer jobs. Private employers outside the sector are the private total minus the sector: 191,600.
  4. MONTHS. Payrolls fell from the month before in October 2025, December 2025, February 2026 and July 2026, on the September 2026 vintage.
  5. REVISIONS. August and September 2026 are first or second estimates and will be revised, and the annual benchmark will revise the level of every month. Every figure here is the vintage read on 3 October 2026.
What the data establishes, and what it does not

What the data establishes

  • In the twelve months to September 2026, health care and social assistance added 520,400 jobs, more than the 496,000 added by all US payrolls.
  • Every other sector together lost 24,400 jobs: private employers outside the sector added 191,600 and government lost 216,000, with federal employment down 232,000.
  • Health care alone added 371,800 jobs, three quarters of the economy’s gain; information lost 120,000 and financial activities 107,000.
  • September 2026 added 29,000 jobs, and payrolls fell in four of the twelve months.

What it does not

  • Any cause. An ageing population, immigration, federal policy, tariffs, interest rates and artificial intelligence have all been offered, and none is measured here.
  • That anyone lost, found or changed a job: the survey counts positions, not people.
  • What the jobs are: the sector is the employer’s industry, not the occupation.
  • The unemployment rate, pay or hours, which this survey does not carry or this edition does not use.
  • Any forecast, or the size of the revisions still to come.
Primary sources

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