10-year Job Growth: HealthEdGov Sector Dominates
Remember that the private sector includes health care, social assistance, and education, all areas which receive a lot of government support. Financial job growth was nearly nonexistent once we take out the health insurers. Without a decade of growing government support from rising health and education spending and soaring budget deficits, the labor market would have been flat on its back.
Industry Change, May 1999-2009
(thousands of jobs)*
(thousands of jobs)*
Private healthcare 2898
Food and drinking places 1567
Gov educ 1390
Professional and business services 885
Gov except health and ed 843
Social assistance 796
Private education 772
Arts, entertainment, and recreation 188
Gov health 148
Mining 133
Financial activities 130
Utilities -40
Transportation and warehousing -43
Retail -91
Accomodations -119
Wholesale -166
Construction -238
Information -525
Manufacturing -5372
*Gov health and gov educ based on April 2009 estimates
Data: BLS
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