Healthcare jobs rebound
After slow growth, the November jobs report shows strong acceleration
For the second month in a row, the national employment situation did better than expected. In November, employment rose by 203,000 with the healthcare sector among those with the strongest gains.
In October, the healthcare sector added 15,000 jobs. In November, the industry jumped back in the saddle, gaining 28,400 jobs.
[See also: October jobs report bucks expectations but healthcare growth weakens]
Within the sector, home healthcare services had the most gains, with 11,800 jobs added. Hospitals gained 1,200 jobs; outpatient care centers, 3,800; and physician offices, 6,900. Nursing care facilities lost 4,000.
In other industries, transportation and warehousing, professional and business services and manufacturing had the biggest gains, adding 31,000, 35,000 and 27,000 jobs, respectively.
Jim Baird, chief investment officer for Plante Moran Financial Advisors, told Forbes that having two consecutive months of better than expected growth, “raises the odds that the Fed could commence the tapering process for their bond purchase program in the near-term.”
The Federal Reserve is scheduled to meet on Dec. 10 and 11 and will announce any changes then.
