July 14, 2011
July 14, 2011
The fastest-growing employment sector since the recession has been business services, real estate, and finace. In May it shrank for the first time since June 2010, shedding approximately 18,000 jobs, but it is still 9.9 percent above its pre-recession level, showing twice the growth of the overall job market. The worst-performing sector has been health, education, defense, public administration, and social security. This sector had been outperforming the job market as a whole until November 2010, when the number of jobs in the sector rapidly lost most of its prior gains.From November 2010 through April 2011, the sector lost about 140,000 jobs, about 4% of its total.In May it grew by about 34,000 jobs, but it is still only 3.5 percent above its pre-recession level.
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