Sunday, February 3, 2013

More Employment Data

The above is the Core Worker count since 2005. It is raw numbers and does not account for population growth. The Mining element is the only one with any substantial growth. Manufacturing of Durables has some. Construction saw a bit of an up tick.
This is the gem. State and Local Government is slowing but Education and Health care still sees a steady rise. One should expect a Health Care moderation but not really.
This is a telling chart since it recounts employment per PoP. Again the only strong increase is Education and Health Care! One would assume as we become more productive the ratios would decrease. That itself is a cause of unemployment. However Education and Health Care has negative scale economies. They have gone from 59 to 65 as a ratio in eight years.
The above is the annualized percent change in Core. It is fundamentally around 0%.
The above is the annualized change in Government Services. It is running well above 3% in Health Care and Education.