Friday, November 6, 2009

Health care employment increasing


According to the latest news from the U.S. Bureau of Labor Statistics (BLS.gov):
In October, the unemployment rate rose to 10.2 percent, the highest since April 1983, and nonfarm payroll employment continued to decline (-190,000). The largest job losses over the month were in construction, manufacturing, and retail trade... Since the start of the recession in December 2007, the number of unemployed persons has risen by 8.2 million, and the unemployment rate has grown by 5.3 percentage points.
Sounds very daunting. However, the world of health care continues to be strong.
Health care employment continued to increase in October (29,000). Since the start of the recession, health care has added 597,000 jobs.
We all probably know someone who is unemployed. Many are even having difficulty finding minimum wage jobs and seasonal work. Others are becoming entrepreneurs and starting their own companies. I'm still employed, but I got bitten by the "entrepreneurship bug" and I'm currently working on several different things (and blogging too). What amazes me is that there are still many physicians who wish to leave a clinical position where they have stable income to venture into the non-clinical world where jobs are being reduced and people are being displaced.

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