Health Care Adds Jobs

Good news and bad news.

The good news is that employment is up in health care.  In a gloomy job market as unemployment exceeds 10% (and 17% when including underemployment),

The bad news is that increasing employment is almost certainly associated with continued health care inflation.   I was worried when the Council of Economic Advisors  projected robust future growth in health care this summer – I’m concerned that this will bear out my concerns.