Where the Jobs Are Part 2

Mike Shedlock
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Posted: Jun 25, 2011 12:01 AM

This is a companion peice to Kathy Fettke's peice today titled: "Where the Jobs Are"

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.

In a previous article I noted that when it comes to jobs, this is the weakest recovery ever except for health-care.

On a percentage basis mining has been a big winner. In absolute terms, however, healthcare was the biggest winner. Mining and oil added few total jobs.

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 It’s also often incomplete and outdated.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
Industry 2008 2009 2010 2011
Health Care 461,860 792,679 1,023,907 1,278,794
Finance & Insurance 323,802 629,082 490,384 444,530
Mining & Oil 195,813 345,116 337,917 422,752
Educational Services 121,337 195,899 236,766 295,498
Government 358,591 451,680 398,853 90,393
Arts & Entertainment 92,418 108,263 77,181 65,855
Management 60,985 25,371 16,323 26,615
Utilities 13,019 20,773 13,771 11,275
Professional 203,493 -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 & Lodging 71,681 -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
Industry 2008 2009 2010 2011
Totals -269,927 -5,709,618 -1,297,190 958,189
Admin & Support -389,951 -836,222 128,689 323,080
Health Care 461,860 330,819 231,228 254,887
Other Services -30,456 -190,653 -25,766 164,698
Food & Lodging 71,681 -314,219 -31,120 128,559
Professional 203,493 -311,100 -57,246 125,729
Manufacturing -478,023 -1,594,936 -342,363 124,932
Retail & Wholesale -428,934 -1,330,319 -217,893 123,037
Mining & Oil 195,813 149,303 -7,199 84,835
Transportation -107,538 -394,159 -57,718 73,069
Educational Services 121,337 74,562 40,867 58,732
Management 60,985 -35,614 -9,048 10,292
Utilities 13,019 7,754 -7,002 -2,496
Arts & Entertainment 92,418 15,845 -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 & Insurance 323,802 305,280 -138,698 -45,854
Construction -612,184 -1,343,218 -512,782 -51,354
Government 358,591 93,089 -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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