Fed warns on shrinking workforce — labor secretary defends US job gains

Job Growth and Economic Indicators - The September jobs report indicates that 119,000 jobs were added to the economy, with a slight increase in the unemployment rate to 4.4% [1][2] - The report is considered solid, showing job growth and increased participation in the labor force, which is viewed positively by the Labor Secretary [2][4] - Since President Trump took office, nearly 2 million jobs have been created for native-born Americans, with 97,000 of the new jobs reported in the private sector [3][4] Sector-Specific Insights - The construction sector saw an increase of about 20,000 jobs, reflecting the administration's focus on infrastructure and permitting reforms [5][8] - Manufacturing job growth has not met expectations yet, but future investments and trade deals are anticipated to improve this sector [6][9] - The healthcare sector also experienced job growth, contributing to the overall positive employment landscape [9] Future Outlook - The administration is working to ensure that skilled workers are available for jobs, with a focus on reducing the unemployment rate further [7] - Investments totaling $18 trillion are expected to bring more manufacturing jobs online in the future, particularly in data centers and the traded sector [6]