Appendix Table B1.
Regression Results: Health Care Share of Employment vs. Unemployment Rate.
| Dependent Variable: Share of Employment | (1) | (2) | (3) | (4) | (5) |
|---|---|---|---|---|---|
| Un-weighted | No Controls | With Controls | Recession | Recovery | |
| Panel A. Health Care and Social Assistance | |||||
| Unemployment rate | 0.162*** | 0.056 | 0.072 | 0.163*** | −0.065 |
| (0.051) | (0.084) | (0.088) | (0.040) | (0.146) | |
| Mean | 14.62 | 14.62 | 14.62 | 13.38 | 15.40 |
| Number of Obs. | 80,166 | 80,132 | 80,132 | 30,784 | 49,348 |
| Panel B. Health Care | |||||
| Unemployment rate | 0.164*** | 0.127*** | 0.140*** | 0.166*** | 0.122** |
| (0.031) | (0.028) | (0.029) | (0.037) | (0.047) | |
| Mean | 11.76 | 11.76 | 11.76 | 10.99 | 12.24 |
| Number of Obs. | 39,920 | 39,904 | 39,904 | 15,328 | 24,567 |
| County-fixed effects | Yes | Yes | Yes | Yes | Yes |
| Year-fixed effects | Yes | Yes | Yes | Yes | Yes |
| Economic conditions | Yes | No | Yes | Yes | Yes |
| Weighted | No | Yes | Yes | Yes | Yes |
Source: QCEW 2005–2017 and BLS LAUS (2005–2017). Economic conditions include median household income, poverty rate, and working age population. Panel A includes county establishments in NAICS 2-digit code 62. Panel B includes NAICS 2 digit code 62 except 4-digit 6241, 6242, 6243, and 6244. Regressions are weighted by population when indicated. Standard errors, heteroskedasticity-robust and clustered by state, are in parentheses. *P < 0.10 **P < 0.05 ***P < 0.01.