News Headlines Article

Employment Gains as U.S. Health Care Eclipses Manufacturing
San Francisco Chronicle

The aging of America may be good for the U.S. labor market. A growing number of older people and rising health-care spending are driving demand for workers from nursing aides to surgeons. While the economy lost 7.5 million positions during the recession, health care expanded staff. Together with social assistance, it will add more than 5.6 million employees to become the largest job gainer by 2020, according to new projections released today by the Bureau of Labor Statistics. Manufacturing is forecast to lose 73,000 jobs by then.