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Health care has been a job market bright spot, but Trump's budget bill looms over the industry

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Health care accounted for nearly half of the jobs added in the U.S. in May , according to the Bureau of Labor Statistics .

Republicans are advancing a budget plan that would cause nearly 8 million people on Medicaid to lose their health insurance coverage.

The cuts would take a particular toll on health care providers in rural areas, where patients are more likely to be insured through Medicaid .

A loss of that hiring momentum from funding cuts would leave one less positive driver for the job market. “Right now, the labor market as a whole is arguably in a stagnant position,” said Shrivastava . “People are not wanting to leave their jobs, they’re nervous about whether or not they’ll be able to find another job, and companies aren’t really looking to hire. Health care has been the exception to that.”.