A workforce data analysis predicts a national nursing surplus of 340,000 registered nurses by 2025. But there is more to this story.
The United States is on the verge of a nursing surplus.
Yes, you read that right.
Data from the December 2014 report on the future of nursing issued by the U.S. Department of Health and Human Services, Health Resources and Services Administration, estimates that in 2025 there will be a surplus of 340,000 full time equivalent registered nurses.
"Assuming that Title VIII keeps funding the education and the colleges have faculty, if we keep getting 150,000 new nurses a year over 10 years, that's 1.5 million. [The Bureau of Labor Statistics] says the vacancies are 1.2 million," says Peter McMenamin, PhD, senior policy advisor and health economist at the American Nurses Association.
"It should be enough warm bodies to fill all the vacancies," he adds.
McMenamin edited and curated ANA's Nurses By The Numbers report, a curated source of federal data on RNs. But that number doesn't tell the whole story about the future of the nursing workforce.
While there may be a national nursing surplus, certain geographic areas may experience nursing shortages, according to the HRSA data. Estimates project surpluses in Midwestern states such as Illinois and Minnesota while Western states such as California and Colorado will see shortages.
While supply outpaces demand in many areas, it doesn't account for the loss of knowledge that will occur when nearly one million nurses who entered the profession in the mid-1970s and early-1980s retire, McMenamin says.
Jennifer Thew, RN, is the senior nursing editor at HealthLeaders.