Job Losses Looming For Health Care, Technology, And Automotive Sectors

March 22, 2017

Health care employment is strong, but that may change soon.

A new white paper from John Burns Real Estate Consulting said that health care, along with automotive and technology, are sectors at the greatest risk of overheating and the highest potential of job losses.

According to Industries at Risk and Implications for Housing, health care makes up 16 percent of private sector jobs nationally, up from 10 percent in 1990. The high percentage of jobs tied to health care is an economic concern, and the nation has already seen a drop in health care’s job growth rate.

Auto sales reached new highs last year, but that was fueled by risky lending that will lead to defaults and sunk costs. The nation’s tech hubs, such as San Jose and Seattle, are expected to scale back over the next few years, as well.

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