Employment Mid 2019

I thought it would be useful to examine employment data since we have not done so in a few years since the Great Bush Recession. Here goes.

The above is the total employment. Now below is the total normalized by population.

Note in the above that we are now well above where we were in mid 2006, the high point. Thus the economy is doing quite well.

The above is the change in Core (real work) and Government and the ratio of Govt to Core. The ratio is down but no where near where we were. Reason is explosion in health care costs! We can show you this in a bit.

The above is that growth. Health and Ed, mostly health, has grown from 17 million to almost 25 million! This is due we believe to a variety of factors not just the ACA.

The above is the stats on the Core workers. Mining is highly variable and reflects the economy more than most. Financial has grown. Construction is nearing the 2006 peak. Note the canary in the coal mine is construction stats, we do not see any here.

The above the is previous chart normalized by PoP. Ed and Health shows the ongoing explosion. Thus the deficit.

Here we have the percents in each and Ed and Health and professional are the two growth areas.

The above shows the growth in each as percent and we see Leisure as well. Manufacturing is still down 20% or so.Thus if we are looking for a recession we clearly do not find it here. Will be tracking.