Apr 30, 2014

Can you build an economy on foodies and sick people?

Economy in Crisis - A data graphic released by PBS shows the vast majority of the jobs in our country are now service industry jobs. This includes healthcare, retail, leisure along with hospitality, finance, wholesale and many other industries.

The most telling portion of this graphic is the manufacturing section, which shows us that our manufacturing sector is now collectively smaller than the number of jobs we have in government.

Since the recession started in December 2007:
  • there are still 1.3 million fewer U.S. jobs than when the recession began. 
  • health care has added 1.5 million jobs. 
  • restaurants and bars have added roughly 700,000 jobs.
  •  the number of construction jobs has fallen by 1.6 million. 
  • the number of manufacturing jobs has fallen by 1.7 million.
  •  the number of government jobs has fallen by about 500,000.
Please continue reading on Economy in Crisis