New Delhi, Sept. 8 -- Moody's Analytics chief economist Mark Zandi highlighted that the US job market relies heavily on the healthcare and hospitality sectors, which generated 600,000 (6 lakhs) new jobs this year. Without these sectors, overall job growth would stagnate, reflecting a possible recession, with less than half of the industries contributing to payroll increases, he noted

In a post on the social media platform X, Zandi said, "What's perhaps most disconcerting about the flagging job market is how dependent it is on healthcare and hospitality for what little job growth is occurring. Since the beginning of the year, the economy has created a paltry 600k jobs, but without the job growth in these industries, there would be zero jo...