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.
- CMS Sets 2014 Pay Rates for Hospital Outpatient and Physician Services
- FDA hopes hospitals will switch to newly regulated pharmacies
- New G-Codes to Pay Doctors for Broad Array of Non-Face-to-Face Care
- States Rejecting Medicaid Expansion Forgo Billions in Federal Funds
- Why You Should Involve Patients in Nursing Handoffs
- The Most Polarizing Topics in Healthcare IT
- Not-for-Profit Hospitals Find Opportunity Amid Uncertainty
- The 5 Biggest Healthcare Finance Trouble Spots
- Substance Abuse Resurfaces Among Anesthesiologists in Training
- Safety Net Executives Renew Call to Preserve DSH Payments