Healthcare Job Growth Slows in April
In the larger economy, nonfarm payroll employment rose by 115,000 in April, with most of the new jobs coming in professional services, retail sales, and healthcare. The unemployment rate was little changed at 8.1% . In March the economy created 154,000 jobs, a significant decline after gains averaging 252,000 jobs per month in January and February, BLS reports.
Revised BLS figures show that healthcare created 25,300 jobs in March, 38,200 jobs in February, and 33,800 jobs in January, continuing a strong trend in job growth that saw 296,900 payroll additions in 2011. Healthcare accounted for more than 18% of the 1.6 million new jobs in the overall economy in 2011.
More than 14.2 million people worked in the healthcare sector in April, with more than 4.8 million of those jobs at hospitals and more than 6.2 million jobs in ambulatory services, which includes more than 2.3 million jobs in physicians' offices.
Even with the modest gains, BLS said 12.5 million people were unemployed in April, a slight improvement from March. The number of long-term unemployed, defined as those who have been jobless for 27 weeks or longer, fell slightly to 5.1 million people in April, who represented 41.3% of the unemployed.
John Commins is a senior editor with HealthLeaders Media.
- Healthcare Leaders Seek Strategic Sweet Spot
- 3 Reasons Wellness Programs Fail
- CMS Issues Health Insurance Exchange Proposed Rules
- Patients Shoulder Nearly 25% of Medical Bills
- ACOs Widespread, Yet Challenged
- Healthcare Costs 'An Abomination' Says Senate Finance Committee Chair
- MGMA: Physician Compensation Increasingly Based on Quality Measures
- Healthcare Consolidation: M&A Not the Only Way
- 6 CNO-to-CEO Strategies
- PwC: Pace of Rising Medical Costs Slowing