Observers cheered the October Employment Situation Summary, which reported 271,000 civilian nonfarm jobs added. This is a big turnaround from the September report, which was very disappointing. Nevertheless, the two months have one thing in common: Jobs in health services dominated the growth in jobs. Whether job growth overall is strong or weak, health care keeps increasing its share.
Health care accounted for 45,000 of the 217,000 jobs added overall in October. That’s a rate of growth of 0.29 percent, much higher than 0.18 percent growth in non-health jobs.
Read the entire entry at NCPA's Health Policy Blog.