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Saturday, June 25, 2011

Job Gains and Losses in the "Recovery" by Job Type; Mish Shedlock


Interactive Map: Job Gains and Losses in the "Recovery" by Job Type (Healthcare, Education, Mining, Construction, Finance, Real Estate, etc)


This is the second part of a two-part interactive map series on jobs. For part one, please see Interactive Map: Employment History Since 2001 by Job Type (Healthcare, Education, Mining, Construction, Finance, Real Estate, etc)

Part two has a focus on job creation and losses during the economic recovery. Please consider the following interactive map, using Tableau Software, with data courtesy of Economic Modeling Specialists.

This interactive map may take a bit to load. Please give it time on a slow connection.


Note on Economic Modeling Data
“Our data is used by many to research and understand regional employment trends and dynamics. It’s composed of comprehensive information on industries, occupations, demographics — as well as things like occupational skills, education, training, and even the names and size of companies in your region broken down by industry.

To do this we link nearly 90 data sources — from federal sources like the Bureau of Labor Statistics to state and private sources.

If you’ve ever worked with this sort of information, you know it can be hard to collect and present. It’s also often incomplete and outdated. So we organize the data, bring it up to date, and build software and reports around it so you can put it to use more quickly and effectively”

Jobs Gained or Lost Since Dec 31, 2007
Industry2008200920102011
Health Care461,860792,6791,023,9071,278,794
Finance & Insurance323,802629,082490,384444,530
Mining & Oil195,813345,116337,917422,752
Educational Services121,337195,899236,766295,498
Government358,591451,680398,85390,393
Arts & Entertainment92,418108,26377,18165,855
Management60,98525,37116,32326,615
Utilities13,01920,77313,77111,275
Professional203,493-107,607-164,853-39,124
Agriculture & Forestry-18,909-26,033-33,643-71,928
Other Services-30,456-221,109-246,875-82,177
Food & Lodging71,681-242,538-273,658-145,099
Information-30,863-203,185-299,866-331,269
Real Estate-76,068-232,452-335,391-359,874
Transportation-107,538-501,697-559,415-486,346
Admin & Support-389,951-1,226,173-1,097,484-774,404
Retail & Wholesale-428,934-1,759,253-1,977,146-1,854,109
Manufacturing-478,023-2,072,959-2,415,322-2,290,390
Construction-612,184-1,955,402-2,468,184-2,519,538
Totals-269,927-5,979,545-7,276,735-6,318,546


Jobs Gained or Lost vs. Year Ago
Industry2008200920102011
Totals-269,927-5,709,618-1,297,190958,189
Admin & Support-389,951-836,222128,689323,080
Health Care461,860330,819231,228254,887
Other Services-30,456-190,653-25,766164,698
Food & Lodging71,681-314,219-31,120128,559
Professional203,493-311,100-57,246125,729
Manufacturing-478,023-1,594,936-342,363124,932
Retail & Wholesale-428,934-1,330,319-217,893123,037
Mining & Oil195,813149,303-7,19984,835
Transportation-107,538-394,159-57,71873,069
Educational Services121,33774,56240,86758,732
Management60,985-35,614-9,04810,292
Utilities13,0197,754-7,002-2,496
Arts & Entertainment92,41815,845-31,082-11,326
Real Estate-76,068-156,384-102,939-24,483
Information-30,863-172,322-96,681-31,403
Agriculture & Forestry-18,909-7,124-7,610-38,285
Finance & Insurance323,802305,280-138,698-45,854
Construction-612,184-1,343,218-512,782-51,354
Government358,59193,089-52,827-308,460

Job Table Notes

  • Data is as of May 31, 2011
  • 2011 comparison is to December 31, 2010
  • Job gains in 2011 are higher than reported by the BLS. I see no reason to believe the BLS.
  • Since December 2007, the economy has lost 6,318,546 jobs
  • In 2011, the big job gainer is not healthcare but "administration"
  • Healthcare and Education are the two bright spots throughout the recession.

The 6.3 million jobs lost since the beginning of 2008 is deceptively low. The Economy should have been gaining 1.8 milling jobs a year, not losing jobs. In other words, the economy is down 10 to 12 million jobs from where it should be.

Thanks to Ross Perez at Tableau Software and also to Economic Modeling Specialists for this post.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

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