THE OUTLOOK FOR HEALTH CARE IN 2023:

What you need to know about the forces reshaping our industry.

X

August 9, 2022

Health care's hiring surge, charted

Daily Briefing

    The health care industry added an estimated 69,600 jobs in July, up from 56,700 jobs added in June, according to the U.S. Bureau of Labor Statistics' (BLS) latest jobs report.

    Advisory Board episode: It's not the great resignation, it's the great realignment

    Health care gains 70k jobs in July

    According to BLS, the U.S. economy gained 528,000 jobs in July, largely led by increases in the leisure and hospitality, professional and business services, and health care industries. The overall unemployment rate was 3.5%, matching its pre-pandemic level from February 2020.

    The health care industry is still down 78,400 jobs, or 0.48%, since before the pandemic. However, health care employers gained an estimated 69,600 jobs in July, accounting for 13.3% of all new hires in the economy.

    Overall, ambulatory care providers, a category that includes several provider types, saw the largest increase in jobs in July at 47,300. In addition, nursing and residential care facilities added 9,400 jobs, and physicians' offices added 12,800 jobs.

    The two health care subsectors that lost jobs in July were other ambulatory services, which reported 400 fewer jobs than in June, and other residential care facilities, which reported 300 fewer jobs.

    Meanwhile, hospitals added 12,900 jobs in July, down from 20,500 jobs gained in June and 16,300 gained in May.

    According to the American Hospital Association (AHA), hospital employment is still down more than 40,000 jobs from its peak in March 2020 but has grown in 19 of the past 28 months, suggesting a slow-but-steady recovery. While these new gains are promising, AHA said hospitals and health systems are still facing workforce pressures and high inflationary costs that will impact their job growth. (Gooch, Becker's Hospital Review, 8/5; Hudson, Modern Healthcare, 8/5; AHA News, 8/5)

    Have a Question?

    x

    Ask our experts a question on any topic in health care by visiting our member portal, AskAdvisory.