Engage_BlogImage_1.jpg

U.S. Economy Loses a Historic 20.5 Million Jobs in April; Unemployment Soars to 14.7%

Posted by HealthTrust Workforce Solutions on May 8, 2020 12:14:25 PM

As the nation continues to face the largest economic crisis in almost a century, the Bureau of Labor Statistics (BLS) April 2020 Hiring Situation revealed that the economy lost 20.5 million jobs last month, leading the unemployment rate to skyrocket to 14.7%. This is the highest rate seen since World War 2. The data reflects the effects of the coronavirus (COVID-19) pandemic and efforts to contain it.

Amid the worst public health crisis in American history, more than 1.4 million healthcare jobs were lost last month, primarily in ambulatory healthcare services as dental and physician offices closed and elective surgeries came to a halt (-1.2M). Hospital payrolls were down 139,000.

The Report also revealed that if millions of Americans who have been furloughed and expect to return to their jobs are counted, the jobless rate would have almost 5 percentage points higher at nearly 20%.

In the seven weeks since the virus shut down much of the U.S. economy, more than 33 million people have applied for unemployment benefits, as the numbers continue to grow by several million a week.

Read More

Topics: Healthcare, Healthcare Recruitment, Jobs Report, Coronavirus

COVID's Impact on the March 2020 Employment Report

Posted by HealthTrust Workforce Solutions on Apr 3, 2020 1:16:48 PM

The Bureau of Labor Statistics (BLS) March 2020 Hiring Situation confirmed what we already suspected: COVID-19 made a tremendous impact on job growth and hiring in March. The U.S. economy lost 701,000 jobs and the unemployment rate jumped to 4.4%, up from a half-century low of 3.5% in February. This ended the decade-long record of employment growth marking the first and steepest decline in payrolls since the Great Recession. 

The strict measures put in place to help contain the spread of the virus have left many businesses shuttered with the majority of Americans ordered to stay at home outside of essential workers, which include our important healthcare workers on the front lines fighting the virus. 

Healthcare lost 42,500 jobs last month, with the vast majority within ambulatory care (-40,700). Hospital job growth was virtually flat. The healthcare unemployment rate grew from 2.2% in February to 2.8% in March. Over the prior 12 months, health care employment had grown by 374,000. 

The U.S. has the highest number of confirmed cases of COVID-19, with more than 245K people infected, according to the latest Johns Hopkins University data available at this time.  

Read More

Topics: Healthcare, Healthcare Recruitment, Jobs Report, Coronavirus

Robust Job Gains Continue in February; Healthcare Adds 31,600 Jobs

Posted by HealthTrust Workforce Solutions on Mar 6, 2020 11:38:31 AM

Job growth remained robust throughout the month of February, adding 273,000 new jobs amid economic fears of the potential Coronavirus (COVID19) impact. The BLS Economic Situation also reported that unemployment rate ticked down slightly to 3.5% last month. Healthcare remained a job growth engine, adding 31,600 new jobs. Healthcare has added 368,000 new jobs in the last 12 months.

If you are interested in exploring new career opportunities with HealthTrust Workforce Solutions, please click the button below to browse our available jobs.

Browse Jobs

 

Read More

Topics: Healthcare, Healthcare Recruitment, Jobs Report, Coronavirus

Congratulations to Our 2019 Office of the Year!

Posted by HealthTrust Workforce Solutions on Feb 26, 2020 2:38:26 PM

Our Dallas Office recently celebrated their Office of the Year achievement for  2019!  Together, the team not only helped more nurses find jobs through HealthTrust, but also helped our existing per diem nurses to find more shifts within their specialties at HCA Healthcare facilities throughout North Texas. 

Please join us in congratulating our Dallas Office for a job well done!

Read More

Topics: HealthTrust, Healthcare Recruitment, Employee Recognition, Employee Appreciation

HWS CEO & President Brendan Courtney Named to 2020 SIA "Staffing 100" List

Posted by HealthTrust Workforce Solutions on Feb 19, 2020 2:09:06 PM

Brendan Courtney, our President & CEO, was named to Staffing Industry Analysts' "Staffing 100" List for 2020! This annual list highlights the 100 most influential people who impact the workforce ecosystem. 

Brendan was recognized for his leadership of the HealthTrust Workforce Solutions organization, which in 2019 put more than 25,000 clinicians to work across America and provided care to 9 million patients. He aims to continue to expand HealthTrust’s services, including labor management, scheduling and productivity, credentialing and clinical education.

Read More

Topics: Healthcare, HealthTrust, Healthcare Recruitment

U.S. Economy Kicks Off 2020 With Robust Job Creation

Posted by HealthTrust Workforce Solutions on Feb 7, 2020 12:00:17 PM

The 2020 new year kicked off with strong economic growth with the U.S. economy adding 225,000 new jobs in January. The latest BLS Economic Situation revealed that healthcare added 35,500 new jobs or nearly 16% of all job creation last month.  The unemployment ticked up slightly to 3.6% from 3.5%, an indicator that more people are entering the job market. 

Job growth within ambulatory care accounted for 22,500 jobs and hospitals added 9,700 new positions in January. Healthcare has added 361,000 new jobs in the last 12 months.

If you are interested in exploring new career opportunities with HealthTrust Workforce Solutions, please click the button below to browse our available jobs.

Read More

Topics: Healthcare, Healthcare Recruitment, Jobs Report

Congratulations to Our Office of the Quarter!

Posted by HealthTrust Workforce Solutions on Jan 15, 2020 9:51:47 AM

Our Dallas Office recently celebrated their Office of the Quarter achievement for Q3 2019, which was announced at the HealthTrust Workforce Solutions Town Hall!  Together, the team not only helped more nurses find jobs through HealthTrust, but also helped our existing per diem nurses to find more shifts within their specialties at HCA Healthcare facilities throughout North Texas. 

Read More

Topics: HealthTrust, Healthcare Recruitment, Employee Recognition, Employee Appreciation

Final Jobs Report of 2019 Reveals that Healthcare Created 399K New Jobs in 2019

Posted by HealthTrust Workforce Solutions on Jan 10, 2020 11:02:47 AM

The U.S. economy created 145,000 jobs in December 2019, according to the final BLS Economic Situation report of 2019. The healthcare sector contributed 28,100 new jobs last month, accounting for nearly 20% of all job growth. The unemployment rate remained at 3.5%.

Read More

Topics: Healthcare, Healthcare Recruitment, Jobs Report

Make an Impact as a Resource Pool RN

Posted by HealthTrust Workforce Solutions on Dec 16, 2019 10:16:07 AM

If you're looking for a unique nursing career opportunity in the Nashville, Richmond, Houston or Tampa area, consider joining one of our RN Resource Pools! 

Our Resource Pools give nurses the chance to gain exclusive access and first-hand visibility into what it’s like to work at a wide variety of HCA Healthcare hospitals in their area. These full-time careers offer competitive pay, benefits, preferred scheduling, and the flexibility to travel to different facilities to provide care where it’s needed most.

Read More

Topics: HealthTrust, Healthcare Recruitment, HCA Healthcare

Healthcare Hiring Booms in November Amid a Strong Jobs Report

Posted by HealthTrust Workforce Solutions on Dec 6, 2019 10:01:21 AM

The latest BLS Economic Situation report revealed that the economy created a robust and unexpected 266,000 new jobs in November, with the healthcare sector once again leading the way contributing 45,200 jobs or nearly 17% of all job growth.

The unemployment rate dipped to 3.5%, the lowest since 1969. This was the largest increase seen in the last 10 months amid the longest economic expansion in U.S. which has lasted for 11 years.

Read More

Topics: Healthcare, Healthcare Recruitment, Jobs Report

  

Recommended Posts

ENGAGE

Engage is an emerging blog which features relevant, informative and engaging content designed to promote and advance the healthcare industry and the professionals who work within it.

Subscribe to Email Updates

Managing your workforce effectively requires keen insight, operational expertise and a partner who understands healthcare

Start the conversation

Recent Posts