Appendix Table B2.
Regression Results: Health Care Share of Employment vs. Unemployment Rate-Selected Subsectors.
| Dependent Variable: Share of Employment | (1) | (2) | (3) | (4) | (5) |
|---|---|---|---|---|---|
| Un-weighted | With Controls | No Controls | Recession | Recovery | |
| Panel A. Nursing Care Facilities | |||||
| Unemployment rate | 0.031** | 0.022*** | 0.024*** | 0.041*** | 0.011 |
| (0.014) | (0.008) | (0.008) | (0.008) | (0.013) | |
| Mean | 1.75 | 1.75 | 1.75 | 1.76 | 1.75 |
| Number of Obs. | 34,805 | 34,805 | 34,805 | 13,353 | 21,423 |
| Panel B. Home Health Care Services | |||||
| Unemployment rate | 0.017 | 0.003 | 0.001 | 0.007 | −0.015 |
| (0.028) | (0.008) | (0.009) | (0.010) | (0.022) | |
| Mean | 1.28 | 1.28 | 1.28 | 1.09 | 1.39 |
| Number of Obs. | 29,742 | 29,726 | 29,726 | 11,035 | 18,584 |
| Panel C. Offices of Physicians excl. Mental | |||||
| Unemployment rate | 0.071*** | 0.049*** | 0.053*** | 0.038*** | 0.045*** |
| (0.010) | (0.008) | (0.007) | (0.009) | (0.010) | |
| Mean | 2.59 | 2.59 | 2.59 | 2.49 | 2.65 |
| Number of Obs. | 37,467 | 37,451 | 37,451 | 14,486 | 22,931 |
| Panel D. Health General Medical & Surgical Hospitals | |||||
| Unemployment rate | 0.038** | 0.020 | 0.024 | 0.043 | 0.051 |
| (0.014) | (0.026) | (0.025) | (0.032) | (0.040) | |
| Mean | 2.24 | 2.24 | 2.24 | 2.21 | 2.26 |
| Number of Obs. | 24,575 | 24,575 | 24,575 | 9,235 | 15,302 |
| County-fixed effects | Yes | Yes | Yes | Yes | Yes |
| Year-fixed effects | Yes | Yes | Yes | Yes | Yes |
| Economic conditions | Yes | Yes | No | 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 establishments in NAICS of 6231, Panel B in NAICS 6216, Panel C in NAICS 6211, and Panel D in 6221. Regressions are weighted by population. Standard errors, heteroskedasticity-robust and clustered by state, are in parentheses. *P < 0.10 **P < 0.05 ***P < 0.01.