Sunday, June 3, 2018

Employment

From time to time we look at changes in employment. The following are some observations.
First is Core versus Government. Core is those working outside of direct Government support. The good news is that Core is increasing and Government decreasing. That means more people are working doing something that pays for those on a Government related salary.
The above looks at segments from 2006 to current. It is interesting to see a larger percent in Education and Health Care, Leisure, and Professional. Manufacturing is down as is all else.
 The above shows the growth is in Education and Health Care. Health Care is a booming business and one must wonder if it is much too explosive. One of the drivers is obesity and others is the casual use of the services. For example New Jersey now demands that everyone have a health care plan as mandated by the Governor, a Massachusetts Democrat bringing his ideas to the state. This will result in locally explosive growth here as well.