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Health care added a whopping 43,000 jobs in December, well above the 12-month average of 35,000 jobs, and bucking a 4-month trend of below-average growth.
National health spending in October 2016 grew at an annual rate of 5.5%, driven up by the hospital component (6.6% growth) and dampened by prescription drugs (3.5% growth).
Health care added 30,500 jobs in October, a bit less than the 12-month average of 34,600 jobs. By several metrics, health job growth peaked in mid-2015 and has been slowing gradually through 2016.
Monograph of Altarum's 6th annual sustainable health spending symposium, which took place on July 12, 2016 in Washington DC.
At a $3.40 trillion annual rate, national health spending in August 2016 was 5.5% higher than health spending in August 2015.
Health care added 14,000 jobs in August, the lowest level of growth since April 2014 when the acceleration in hiring, fueled by expanded coverage, began.
Under a contract with the Bureau of Economic Analysis (BEA), Altarum has updated estimates of spending by medical condition that were first published in 2009 and that covered the years 1996 through 2005.
National health spending in June 2016 was 5.2% higher than in June 2015, totaling $3.36 trillion (seasonally adjusted annual rate).