Health Care Industry Continues To Create Jobs

According to today’s data from the Bureau of Labor Statistics, 96,000 jobs were added to the economy in August, although economists had expected an increase closer to 125,000 jobs. However, some sectors — such as the food services industry, professional and technical services, and the health care industry — continue to see a positive trend in job creation. Health care employment ticked up in August with the addition of 17,000 new jobs, and averaged out to about 15,000 new jobs each month of this past summer. Thanks to the health care reform law, that number is likely to continue to improve in the health industry as well as in other sectors of the economy. A Center for American Progress report estimated that Obamacare will help create between 250,000 and 400,000 jobs a year, including jobs in the manufacturing and service sectors, by lowering the cost of health insurance and making it cheaper for businesses to hire.