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They weren't too far off. On a 12 month basis, Private Education and Healthcare Services, Leisure and Hospitality,Utilities, Construction, and Government secto
by TeaBrain 3y ago
They weren't too far off. On a 12 month basis, Private Education and Healthcare Services, Leisure and Hospitality,Utilities, Construction, and Government sectors are the only five sectors of fourteen that are up over 1.5%, the only two white collar sectors of those being Private education/healthcare and government. Every other sector is below 1.6% growth. The Information sector is down 1.1 percent, professional and business services is essentially flat at a 0.9% increase, and financial services had only a 1.1% increase. Private education and healthcare grew at 4.2% over the last year, which is 323% of the median of 12 month sector growth of 1.3%. Government at 2.7% is 207% of the median.
- ajross 3y agoRight, but if "2x median" reflects a range between 1.0 and 3.0% growth, is it really that insightful to call out specific sectors? There are always (mild) winners and losers in every distribution. Note also that population growth in the US is something like 0.3% for the past few years, so calling 0.9% jobs growth "flat" seems a bit spun? I mean, we both know what's going on here: there's a desire on the part of multiple posters to try to deny these numbers are good numbers, probably for political reasons. And I guess fingering "government" and "doctors" seems like an easy way to win that argument (i.e. "real people's jobs actually bad"). But that's just incorrect per the numbers. "Real people" are doing well too.