The biggest growth in jobs since 2007 in the United States has been in the Educational sector while most jobs have been lost in Manufacturing.
Total Nonfarm jobs are up 8% since 2007
Construction jobs are down 7% since 2007
Educational services jobs are up 26.9% since 2007
Health Care jobs are up 25% since 2007
Manufacturing jobs are down 9.7% since 2007
Retail jobs are up 3.2% since 2007
Financial services jobs are up 1.9% since 2007
Financial Services in the U.S. have never been more profitable, yet barely any new jobs have been created since 2007. Education is the fastest growing industry in the U.S., unsurprisingly U.S. student debt hit $1.5 trillion recently.
Manufacturing output has been increasing in the U.S., but it isn’t generating too many jobs given increased automation.
And healthcare could become the largest expenditure of households in the U.S. surpassing spend on housing and utilities, little wonder healthcare is generating so many jobs.
Retail rather remains unchanged while construction has recently started recovering.