Part two has a focus on job creation and losses during the economic recovery. Please consider the following interactive map, using Tableau Software, with data courtesy of Economic Modeling Specialists.
This interactive map may take a bit to load. Please give it time on a slow connection.
Note on Economic Modeling Data
�Our data is used by many to research and understand regional employment trends and dynamics. It�s composed of comprehensive information on industries, occupations, demographics � as well as things like occupational skills, education, training, and even the names and size of companies in your region broken down by industry.
To do this we link nearly 90 data sources � from federal sources like the Bureau of Labor Statistics to state and private sources.
If you�ve ever worked with this sort of information, you know it can be hard to collect and present. It�s also often incomplete and outdated. So we organize the data, bring it up to date, and build software and reports around it so you can put it to use more quickly and effectively�
| Jobs Gained or Lost Since Dec 31, 2007 | ||||
|---|---|---|---|---|
| Industry | 2008 | 2009 | 2010 | 2011 |
| Health Care | 461,860 | 792,679 | 1,023,907 | 1,278,794 |
| Finance & Insurance | 323,802 | 629,082 | 490,384 | 444,530 |
| Mining & Oil | 195,813 | 345,116 | 337,917 | 422,752 |
| Educational Services | 121,337 | 195,899 | 236,766 | 295,498 |
| Government | 358,591 | 451,680 | 398,853 | 90,393 |
| Arts & Entertainment | 92,418 | 108,263 | 77,181 | 65,855 |
| Management | 60,985 | 25,371 | 16,323 | 26,615 |
| Utilities | 13,019 | 20,773 | 13,771 | 11,275 |
| Professional | 203,493 | -107,607 | -164,853 | -39,124 |
| Agriculture & Forestry | -18,909 | -26,033 | -33,643 | -71,928 |
| Other Services | -30,456 | -221,109 | -246,875 | -82,177 |
| Food & Lodging | 71,681 | -242,538 | -273,658 | -145,099 |
| Information | -30,863 | -203,185 | -299,866 | -331,269 |
| Real Estate | -76,068 | -232,452 | -335,391 | -359,874 |
| Transportation | -107,538 | -501,697 | -559,415 | -486,346 |
| Admin & Support | -389,951 | -1,226,173 | -1,097,484 | -774,404 |
| Retail & Wholesale | -428,934 | -1,759,253 | -1,977,146 | -1,854,109 |
| Manufacturing | -478,023 | -2,072,959 | -2,415,322 | -2,290,390 |
| Construction | -612,184 | -1,955,402 | -2,468,184 | -2,519,538 |
| Totals | -269,927 | -5,979,545 | -7,276,735 | -6,318,546 |
| Jobs Gained or Lost vs. Year Ago | ||||
|---|---|---|---|---|
| Industry | 2008 | 2009 | 2010 | 2011 |
| Totals | -269,927 | -5,709,618 | -1,297,190 | 958,189 |
| Admin & Support | -389,951 | -836,222 | 128,689 | 323,080 |
| Health Care | 461,860 | 330,819 | 231,228 | 254,887 |
| Other Services | -30,456 | -190,653 | -25,766 | 164,698 |
| Food & Lodging | 71,681 | -314,219 | -31,120 | 128,559 |
| Professional | 203,493 | -311,100 | -57,246 | 125,729 |
| Manufacturing | -478,023 | -1,594,936 | -342,363 | 124,932 |
| Retail & Wholesale | -428,934 | -1,330,319 | -217,893 | 123,037 |
| Mining & Oil | 195,813 | 149,303 | -7,199 | 84,835 |
| Transportation | -107,538 | -394,159 | -57,718 | 73,069 |
| Educational Services | 121,337 | 74,562 | 40,867 | 58,732 |
| Management | 60,985 | -35,614 | -9,048 | 10,292 |
| Utilities | 13,019 | 7,754 | -7,002 | -2,496 |
| Arts & Entertainment | 92,418 | 15,845 | -31,082 | -11,326 |
| Real Estate | -76,068 | -156,384 | -102,939 | -24,483 |
| Information | -30,863 | -172,322 | -96,681 | -31,403 |
| Agriculture & Forestry | -18,909 | -7,124 | -7,610 | -38,285 |
| Finance & Insurance | 323,802 | 305,280 | -138,698 | -45,854 |
| Construction | -612,184 | -1,343,218 | -512,782 | -51,354 |
| Government | 358,591 | 93,089 | -52,827 | -308,460 |
Job Table Notes
- Data is as of May 31, 2011
- 2011 comparison is to December 31, 2010
- Job gains in 2011 are higher than reported by the BLS. I see no reason to believe the BLS.
- Since December 2007, the economy has lost 6,318,546 jobs
- In 2011, the big job gainer is not healthcare but "administration"
- Healthcare and Education are the two bright spots throughout the recession.
The 6.3 million jobs lost since the beginning of 2008 is deceptively low. The Economy should have been gaining 1.8 milling jobs a year, not losing jobs. In other words, the economy is down 10 to 12 million jobs from where it should be.
Thanks to Ross Perez at Tableau Software and also to Economic Modeling Specialists for this post.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List
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