1/ U.S. labor market is proving resilient despite recent best efforts to weaken it through uncertainty, cuts to federal spending, and rising costs.

2/ There are signs of cracks in current economic conditions, though. Employment is falling in industries with the highest exposure to the administration's tariffs.

3/ But there are other risks to the U.S. job market and the One Big Beautiful Bill is…a big one. Let’s zoom in on health care as an example...

4/ Health care is the largest U.S. industry by employment with strong job and wage growth – one of the U.S.’s “middle-class jobs engines” per EG’s @kevinrinz.bsky.social in today's NYT. www.nytimes.com/interactive/...

5/Medicaid cuts don’t just threaten individual coverage; they threaten jobs and local economies. As #EGgrantee @robertmanduca.bsky.social writes, Medicaid fuels a bigger part of the local economy than the biggest industry in many U.S. states. equitablegrowth.org/medicaid-and...

6/ To help understand jobs at risk, here’s a look at current employment in major parts of the health care industry – 18M employees or approx 11 percent of all U.S. workers.

7/ Maybe that’s part of the reason why the bill is so unpopular? The more people know about it, the more they hate it, per EG collaborators @jacobhacker.bsky.social & @patrick-sullivan.bsky.social. equitablegrowth.org/working-pape... - END 🧵-