Last Friday’s employment report demonstrated once again that Obamacare is not having the effect that the health services industry overall hoped for: Employment in health care is increasing at pretty much the same pace as in the rest of the economy. There is no evidence of an Obamacare jobs bump.
As shown in Table 1 and Table 2, the monthly increase in health jobs for December was 0.23 percent (34 thousand jobs), which is slightly greater than the 0.17 percent increase in non-health, nonfarm payroll. However, those figures are just reversed from November. In the twelve months since December 2013, the rate of growth in health jobs has been exactly the same as non-health jobs.