One notable trend is the continued growth in healthcare employment. The expansion may reflect several factors, including high wages, increasingly expensive insurance, and the growing demand for specialized medical services.
Wherever there is sustained demand and significant spending, there is money to be made, and healthcare has become a major economic sector.
But there is a broader economic question worth considering. For the population as a whole, wealth creation is often associated with production, industry, business formation, and other activities that expand the economy’s productive capacity.
If healthcare employment is growing substantially faster than sectors that directly produce goods and expand productive capacity, it could raise questions about whether some of that growth represents more of an investor exercise versus a practical outcome. In theory maybe or maybe not.
But there is a broader economic question worth considering. For the population as a whole, wealth creation is often associated with production, industry, business formation, and other activities that expand the economy’s productive capacity.
If healthcare employment is growing substantially faster than sectors that directly produce goods and expand productive capacity, it could raise questions about whether some of that growth represents more of an investor exercise versus a practical outcome. In theory maybe or maybe not.
How much are you paying for medical insurance and should we think of solutions?
Employment Situation – September 2026
- U.S. nonfarm payroll employment increased by 29,000 in September 2026, while the unemployment rate remained at 4.2%.
- The unemployment rate has remained between 4.1% and 4.3% since March, indicating relatively little change in overall unemployment.
- Health care added 17,000 jobs, construction added 11,000, and manufacturing added 9,000 jobs during September.
- Average hourly earnings increased 0.1% to $37.81, representing a 3.0% increase over the previous 12 months.
- Previous employment estimates were revised downward by a combined 60,000 jobs for July and August, showing that earlier job-growth estimates were weaker than initially reported.
U.S. Bureau of Labor Statistics. (2026, October 2). Employment situation—September 2026. U.S. Department of Labor. https://www.bls.gov/news.release/empsit.nr0.htm
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