June's jobs data revealed gains in the healthcare sector, as well as employment growth in social assistance and construction sectors.

ZipRecruiter chief economist Julia Pollak joins Wealth! to break down the industries hiring the most right now and how job searchers should navigate the current labor market.

"We're seeing some moderation on the services side of the economy. The private sector is seeing fewer jobs being added. And the bulk of hiring now is taking place in government and healthcare," Pollak explains. She underlines that government employment trends are largely in part due to the US election cycle.

She explains that the top search on ZipRecruiter currently is a blank search: "People don't know what they're looking for. They don't know what's out there. We have a lot of new grads hitting the market who have just finished their training programs in the last couple of weeks and don't really know what's out there. They need help and guidance and that is why AI is increasingly being used in job search to help people discover jobs and to connect them with opportunities that are a good match for their skills and interests."

Pollak adds that wage growth is cooling, but inflation has cooled at a faster rate. Therefore, "workers are actually getting real wage increases again after a 25-month stretch in which their wages were losing value." She says that this wage growth will not necessarily be inflationary as productivity has been strong.

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This post was written by Melanie Riehl