US employment data…perspective 3

This is the third perspective dealing with concerns over US employment and related US growth dynamics:

A great deal of the growth in employment over the last few decades has been concentrated in the health and education sectors.  Student debt has become a major problem post the onset of the current financial crisis and health care has likewise become, over time, a tremendous economic cost and a structural barrier to growth.

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Health and education have been driving employment growth, in particular, over the last 6 to 8 years and health and education costs represent major impediments to growth

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It is very hard to see these two sectors continuing to support employment and/or employment growth, at least as long as the costs of health care and education remain elevated.

And:

Student-Loan Debt Slows Recovery

Student Loans, the Next Big Threat to the U.S. Economy

Student loan debt hits a new high as millennials take ‘poverty-wage’ jobs

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