Health Care Industry Helps Drive U.S. Economic Recovery
- Article by: JACKIE CROSBY , Star Tribune
- Updated: July 2, 2013 – 8:15 AM
Study shows health care accounted for disproportionate share of job growth.
The health care industry has played an outsized role in the nation’s economic recovery and is fueling rapid job growth in the Twin Cities and the nation, according to a report released Monday by the Brookings Institution.
Jobs in the health care field now account for more than one in 10 jobs on average among the nation’s largest 100 metropolitan areas, outstripping overall employment growth by a wide margin.
“There’s a long-term trend of job growth in the health care industry that you don’t see in other sectors of the economy,” said Martha Ross, lead researcher on the report by Brookings’ Metropolitan Policy Program. “They’re now taking up a bigger share of the employment pie, and that’s happening in some cases because other parts of the pie are shrinking.”
In the past decade, the health care industry has added 2.6 million jobs nationwide. That translates to a hefty employment growth rate of 22.7 percent, compared with 2.1 percent among all other industries.
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