Huge Health Jobs Hike, Especially in Hospitals
February 9, 2016
The latest tepid jobs report was dominated by health services, which added 37,000 jobs in January. That is almost one quarter of all nonfarm civilian jobs added. Within health care, hospitals dominated, accounting for 24,000 of the 37,000 increase - almost two thirds. Hospitals are generally inefficient locations of care, so the pickup in employment in January is actually of concern because it likely indicates more expensive care.
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