The economy added a net 69K new jobs in May, according to this morning's Non-Farm Payrolls report.
And nearly half can be attributed to one industry: Healthcare.
Over 30K new jobs were created in this industry.
What's more, as you can see in the chart below (which measures the monthly change in the industry), there hasn't been a single negative month in this industry all through the recession and recovery.
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3 comments:
And how many of them just to support the unconstitutional and idiotic NObamacare?
Blame it on the gov't money in healthcare. Then, examine medical inflation within the healthcare sector. It's most prominent in areas that are subsidized by the gov't. Yay.
Health Care is such a unique industry. People will always get sick so there will always be new business. And if there is not enough real business doctors and hospitals order unnecessary tests and procedures to keep the money coming in. The government is a guaranteed customer for hospitals, typically accounting for half of the revenue of most hospitals. Even when the hospital has been involved in fraud (like PRMC)the government continues to do business with them. All hospitals in MD are not for profit so this affords them all kinds of advantages, though some hospitals like PRMC have established a profit incentive for senior management. As the article states there is never any employee downsizing in health care. And in some communities (like our own) there is a virtual monopoly of services which appear to be part of a predatory business plan to restrict the marketplace. Even though this business environment is like no other the Salisbury Chamber of Commerce gave PRMC CEO Peggy Naleppa the 2011 Businesswoman of the year award! Go figure.
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