As the economy worsens and more jobs are lost, the health care industry grows

12:31 PM
As the economy worsens and more jobs are lost, the health care industry grows -

job listing in November a staggering 533,000 jobs were lost, bumping the national unemployment rate of 6.7 percent from 6.5 percent, said New York Times .

Just about every industry is hit in the weak economy, but one? the health care industry.

In the health care sector, 33,800 jobs were added to the total for November to a monthly growth of 0.3 percent, reported Modern Healthcare.

In addition, hospitals and doctors' offices are also showing strong growth in 08. This year, hospitals and doctors both increased their number of employees by 3.1 percent.

It makes sense that this might be the case. Health care services are still in demand - and when budgets get tight, his health will generally trump other expenses. (Costs of health insurance schemes, however, are another story.)

But there are other factors to growth, and stressed a health care analyst.

According to Robert Hawkins, an analyst at Stifel Nicolaus, the growing number of Americans with chronic diseases such as obesity is a major factor in the growth of health care.

most people who have these chronic diseases, plus there is a demand for professionals in health care.

"With this volume comes from job to take care of these people," says Hawkins.

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