When will the health-related employment bubble burst?
By Mike O’Donnell | Guest Commentary, Rocky Mountain Voice
A few weeks ago, the U.S. Bureau of Labor Statistics (BLS) announced that it had inadvertently overstated—by more than 100%—the number of new jobs created across the United States during the last full year of the Biden/Harris Administration.
The BLS also noted that corrected industry and state-specific numbers won’t be available until early next year, although no changes are expected to previously published numbers for new jobs created in the “Health Care & Social Assistance” and “Government” industry categories.
The overstatement means that the number of new jobs reportedly created in Colorado since the start of the current post-COVID economy (January 2023) will likely end up lower than the published 78,900, although ...
