alt Hacker Newshttps://old.reddit.com/r/dataisbeautiful/comments/1r21tdv/oc...
https://www.wsj.com/economy/jobs/january-jobs-report-unemplo... | https://archive.today/9gdEO
Healthcare job increases should not be unexpected as the country ages, deaths outnumber births in 21 states (as of this comment), the demand for care will only grow over time.
https://usafacts.org/articles/america-is-getting-older-which...
> As of 2024, 18% (61.2 million) of Americans are 65 or older, according to Census Bureau data. The national population over the age of 65 has more than doubled since 1980, with three-quarters of that growth occurring in the 21st century. The 65 and older group grew by more than 26.2 million people, a 74.6% increase, during that time.
https://www.prb.org/resources/fact-sheet-aging-in-the-united...
> The number of Americans ages 65 and older is projected to increase from 58 million in 2022 to 82 million by 2050 (a 42% increase), and the 65-and-older age group’s share of the total population is projected to rise from 17% to 23%. The U.S population is older today than it has ever been. Between 1980 and 2022, the median age of the population increased from 30.0 to 38.9, but one-third (17) of states in the country had a median age above 40 in 2022, with Maine (44.8) and New Hampshire (43.3) at the top of the list.
It is very unlikely the work done by CNAs, RNs, physical therapists, and others providing this population care can or will be automated.
That top graph has been shared a lot but its a somewhat disingenuous display of data. It's true that lots of growth has been healthcare in the last 2 years, but that doesn't mean zero growth elsewhere, you can see eg construction growth on the chart, which is reflected in the fact that construction is seeing all-time-high employment right now:
https://fred.stlouisfed.org/series/CES2023700001
And if you look at something that's "flat" like transportation, its still essentially at all time highs right now, its just now declining slightly, but its on the heels of major growth: https://fred.stlouisfed.org/series/CES4300000001
Now if you look at one that's negative on the graph, like retail trade, and zoom out:
https://fred.stlouisfed.org/series/USTRADE
It's still essentially at all time highs!
Serious contractions in these things would be much more worrisome, but this data is basically fine. Some losses may just be temporal corrections from all time highs, like what happened to software jobs at the end of ZIRP (though Software now has separate problems to solve wrt job market).