Thursday, July 9, 2020

Health Care and Education Leading the Way for Job Gains

Health Care and Education Leading the Way for Job Gains Health Care and Education Leading the Way for Job Gains Heres a snippet from last Fridays jobs report. Heres what jumped out at me: the biggest job gains came in health care followed by education. If youre considering an industry change, these two areas seem to be the best bets. Less than zero, but getting closer 11,000: The net total of jobs lost in November 111,000: Jobs lost in October 139,000: Jobs lost in September 691,000: Average monthly loss in first three months of this year 7.2 million: Total decline in U.S. payrolls since recession began in December 2007 Unemployment still high 10 percent: Novembers unemployment rate, in double digits for only the second time in 26 years 10.2 percent: Octobers jobless rate, the highest since April 1983 10.8 percent: Unemployment rate in December 1982, the highest since World War II Where the jobs are 52,400: The number of temporary jobs added in November, the biggest increase in five years 11,100: Jobs added in education 21,000: Jobs added in hospitals, nursing and other health care sectors 1,000: Jobs added in computer services 5,600: Jobs added in management and technical consulting 7,500: Jobs added in department stores Underemployed 9.2 million: Number of part-time workers who would have preferred full-time work last month 2.3 million: People without jobs who want to work but have stopped looking 17.2 percent: Underemployment rate in November if you include the above two categories 17.5 percent: Underemployment rate in October, the highest in records dating to 1994 The he-cession 10.5 percent: Unemployment rate for adult men 7.9 percent: Unemployment rate for adult women November unemployment rate by group 11.4 percent: Female heads of households 7.3 percent: Asians 9.3 percent: Whites 12.7 percent: Hispanics 15.6 percent: Blacks 26.7 percent: Teenagers

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