📈 Healthcare Hiring Surges Amid Economic Softening 🏥 Healthcare emerges as a stalwart in the job market, contributing 30% of recent U.S. job gains. Fueled by an aging population and Covid-19, the sector's robust growth contrasts with overall economic slowdown. Key Points: ✨ Healthcare providers lead job gains, offsetting weaker growth in other sectors. 💼 Job growth in healthcare accelerates, reaching a 4.2% annualized rate. 🌐 Aging population ensures sustained demand for healthcare services. 🩺 Challenges include retirements, strikes, and a persistent shortage of qualified workers. 🚀 Healthcare's strength could be pivotal in preventing a sharper economic downturn. In a nutshell, healthcare shines as a beacon of stability, poised to shape the job market's trajectory amid broader economic challenges. 🌟💼 #HealthcareJobs #JobMarket #EconomicResilience https://lnkd.in/edhFfiDr
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Healthcare is still a hiring powerhouse! According to The Wall Street Journal, the healthcare industry is on a hiring spree, contributing to 30% of recent U.S. job gains. While other sectors face challenges, healthcare remains a resilient force in the job market. 📈 Healthcare job growth at 4.2% vs. 1.3% in other fields. 🔍 Healthcare providers are actively recruiting to meet post-pandemic demand. 👩⚕️ Aging population and Covid-19 create widespread worker shortages. In the complex world of economic uncertainties, the healthcare sector stands strong as a stable force. The heartbeat of opportunity in healthcare promises more than just jobs; it offers transformative professional adventures aligned with the progress of society. As the healthcare sector experiences substantial growth, staffing agencies become crucial allies in navigating the job market. HealthYes expertise plays a pivotal role guiding individuals towards fulfilling careers in the healthcare field. Contact us at providerservices@healthyesstaffingnetwork.com for more information about our current jobs. We look forward to hearing from you.☺
Hot Healthcare Hiring Bolsters Cooling U.S. Labor Market
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As we all know, labor issues have taken over healthcare in the last few years, and the Wall Street Journal posts about the greater need for healthcare services and how that is affected by healthcare hiring. We could see a hiring boom in the next few years with an aging population, and COVID-19 becoming a recurring issue in the colder months. This will have a greater impact on our economy, and potentially help avoid recession numbers. The question only becomes how will the current infrastructure support this growth since the healthcare industry has struggled financially in the last few years. #Healthcare #Finances #Labor
Hot Healthcare Hiring Bolsters Cooling U.S. Labor Market
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Demand 📈 + Supply 📉 = 🚨Healthcare staffing challenges are getting worse🚨 What's exacerbating this beyond an aging workforce and Covid? Access to job-readiness training. Long term problems need long term solutions. Tandem is the only workforce development company to offer employers a solution to the skilled labor shortage by efficiently creating new pools of talent. If your organization feels this pain, get in touch with me to learn how Tandem can help you #buildbetterteams
Recent insights from the Wall Street Journal highlight a crucial trend: healthcare hiring is surging, yet it's merely a temporary fix to a growing staff shortage challenge. As we navigate this critical juncture, healthcare systems must look beyond immediate hiring. 💡 Our Approach – Tandem Workforce doesn't just fill positions; we develop future-ready healthcare professionals through innovative training and nurturing programs. This is more than hiring – it's about building a resilient, skilled workforce equipped for tomorrow's challenges. It's time to rethink healthcare hiring. With Tandem Workforce, we're not just addressing the current shortage; we're proactively shaping the future of healthcare employment. #HealthcareInnovation #FutureOfWork #StrategicHiring #buildbetterteams https://lnkd.in/ewZut4Re
Hot Healthcare Hiring Bolsters Cooling U.S. Labor Market
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A healthcare hiring boom is helping offset weaker job growth in other areas of the softening U.S. economy, boosting its chances of skirting a recession. The industry could serve as a strong job generator for years to come as an aging population and Covid-19 fuel widespread worker shortages and greater needs for healthcare services. Healthcare providers—including hospitals, clinics, pharmacies and doctors’ offices—accounted for 30% of U.S. job gains in the six months through October, though less than 11% of the country’s total employment, Labor Department figures show. “As behavior returns to normal—as kids go back to germ-factory indoor play spaces and daycare centers, and as people schedule elective procedures and catch up on routine scans delayed during the height of the pandemic—providers are having to staff up to keep up with demand,” said Julia Pollak, chief economist at ZipRecruiter. Job growth has accelerated this year in healthcare while slowing in other fields as consumer spending weakens, home sales slump and other economic activity ebbs amid high interest rates. Healthcare payrolls rose at a 4.2% annualized rate in the three months through October, up from a 3.1% pace in the first quarter. Employment outside of healthcare grew at a 1.3% rate in the three months through October, down from 2.4% in the first quarter. In October alone, the nation’s total number of jobs rose by 150,000, the smallest monthly increase since June. Just three sectors—healthcare, government and leisure and hospitality—accounted for nearly all of those gains, leaving the rest of the overall economy with no net job growth. That contrasted with the more broad-based hiring seen earlier this year.
Hot Healthcare Hiring Bolsters Cooling U.S. Labor Market
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May's Jobs Report: Strong Hiring Continues in Healthcare The May jobs report from the Bureau of Labor Statistics (BLS) showed continued strength in healthcare hiring. The economy added a robust 272,000 jobs overall, and healthcare again emerged as a leader in job growth. According to the BLS, health care added 68,000 jobs in May, in line with the average monthly gain of 64,000 over the prior 12 months. In May, employment growth continued in ambulatory health care services (+43,000), hospitals (+15,000), and nursing and residential care facilities (+11,000). May marked the 40th consecutive month of job gains in the United States. This sustained growth underscores the resilience of the economy despite various challenges. Overall, the economy saw a slight change in unemployment to 4% breaking April's 27-month streak of unemployment rate below 4% (a year earlier, the jobless rate was 3.7 percent) – the longest such streak since 1953. Additionally, the Federal Reserve announced today they will be holding interest rates steady. This decision, following continued strong job growth, might signal a wait-and-see approach from the Fed as they monitor inflation data. #healthcarejobs #healthcarestaffing #healthcarehiring #locumtenens #healthcareemployment
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HR Manager / Recruitment Advisor ⇨ Leading Full Cycle of Recruitment and Standardizing HR processes with a Strong Focus on DEI ⇨ Achieved Revenue Growth of ~$100K and NPS scores of 80-100% for Talent Acquisition Success
🌟 Exciting News Alert! 🌟 A colleague recently shared some fascinating insights with me about the healthcare industry, and I couldn't wait to share them with my network! Did you know that throughout 2023, healthcare experienced a rate of employment growth that hasn't been seen in more than three decades? According to an analysis by Altarum of Bureau of Labor Statistics data released on Jan. 31, here are some key findings: 1️⃣ Healthcare employment expanded by 3.9% in 2023, which is more than 2.5 times faster than all other industries! 2️⃣ This growth rate hasn't been seen since 1991, when it was 4.8%. 3️⃣ Surprisingly, 1 in 4 jobs created in the economy last year were in healthcare! These findings underscore the significant demand for healthcare services, a return to pre-pandemic levels of care, and efforts to replace workers who left due to burnout during the 'Great Resignation' in 2021 and 2022. This trend away from pandemic-related workforce numbers is evident in the analysis, with hospital employment growing by 192,700 jobs and ambulatory care settings seeing a 9.2% increase since February 2020. However, nursing and residential care employment still lag behind pre-pandemic levels, likely due to various factors such as closures and staffing shortages. The momentum continues into 2024, with healthcare starting the year strong. In January alone, the industry added 70,300 jobs, according to the latest Bureau of Labor Statistics report. Exciting times ahead for the healthcare sector! Let's keep an eye on these developments as they unfold. Feel free to share your thoughts and insights in the comments below. #HealthcareIndustry #EmploymentGrowth #TrendingData 🚀🏥
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Some data on healthcare sector employment trends. 📈 Full Article: https://lnkd.in/ezRfsMcv #healthcare #healthcareemployment #healthcaretrends #healthcarerecruiting #recruiter #hiring #apply #jobsearch #medcentricsearchfirm #medcentric #matchmaker
What are the recent trends in health sector employment? - Peterson-KFF Health System Tracker
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General job sectors up 4.3% while Healthcare is up 6.8%. Good to see Healthcare playing a big part in keeping our economy humming and I can also tell from how many clients are hiring us for talent recruitment advertising that the 6.8% probably needs to be somewhere around 10%. Healthcare surely the place to be for the next 15 years as the population ages, tell your kids & friends to come on over where the greenbacks are greener. https://lnkd.in/ekdgYzDE
Hot Healthcare Hiring Bolsters Cooling U.S. Labor Market
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Insights at LinkedIn | Thought Leadership | Data Science | Empowering businesses with data-driven insights
World Health Organization predicts a global shortage of 10 million health workers by 2030. What's more, most of the top 10 fastest-growing demand roles are in healthcare, as per LinkedIn data. Learn more about this in our latest article published on the LinkedIn blog, created in partnership with Greg Lewis and Cesar Zulaica: https://lnkd.in/e_ZFcjFj #LTSthoughtleadership #leadingwithinsights #insightsoninsights #leadingthroughinsights #ltstl #jobs #poweredbyinsights
What Are the Most In-Demand Jobs of 2024?
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While the continued demand for the healthcare workforce outweighs the supply, healthcare hiring remains at a peak above other verticals currently. The article highlights how helahrcare accounts for 30% of all hiring in the last 6 months through October. While healthcare and leisure may buoy the markets jobs growth overall; it continues to highlight the staffing challenge we’re all facing as a nation with salaries/rate increases not able to maintain par with other industries in the same geographical market. Interest excerpt below: “Healthcare payrolls rose at a 4.2% annualized rate in the three months through October, up from a 3.1% pace in the first quarter. Employment outside of healthcare grew at a 1.3% rate in the three months through October, down from 2.4% in the first quarter.” Highlighting the outpacing issue: “The number of employees in healthcare and social assistance who quit their jobs in September was 9% higher than before the pandemic, and 22% higher than the 2019 average.” What will be most interesting to me is to monitor if the changes were making to the experiences and tools incents future generations to select this career path over others. #laborshortage #staffingandrecruiting #usjobseekers #healthcare
Hot Healthcare Hiring Bolsters Cooling U.S. Labor Market — The Wall Street Journal
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