Friday, 3 July 2015

Obamacare Is Creating More Jobs Now. Will There Be More Health Costs Later?

The health care industry remains exceptionally healthy: Hospitals, doctors, and other health care employers added 40,100 jobs in June, the latest big month for one of America’s most crucial economic sectors.

Forty-thousand-plus new jobs in one month is a lot, but it’s especially eye-catching because it’s part of a sustained trend: Health care employers have added about 135,000 jobs in the past three months, and nearly 430,000 jobs in the past 12 months.

And health care hiring — which had dramatically slowed down across 2013 and 2014 — is now surging again. Health care’s growth rate has essentially tripled what it was a year ago.

You can see the explosion of new jobs better when it’s mapped out in three month-increments.

HealthCareJobs

Again: 135,000 new health care jobs since March! That’s more than many sectors of the economy gain in an entire year. It’s more than the entire U.S. economy gained between 2001 and 2004.
And in the past 25 years, health care has never had a three-month stretch of hiring like this one.

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