Health Care ETFs Respond to Jobs Report

The latest June jobs report published by the Bureau of Labor Statistics showed an increase of 215,000 jobs–9.2 percent higher than original forecasts–with health services being one of the top beneficiaries of the increase.

The jobs report revealed that the education and health services sector represented the biggest net job gainer for June–54,000 new positions created. Of that number, about 25,000 came as a result of hiring in the health care sector.

Related: Healthcare ETFs Could be Healthy Summer Bets

Healthcare ETFs Respond Positively to Jobs Report 1

In addition, the sector added 309,000 jobs within the last year, including 11,000 hospital jobs in June alone.