In a strong display of continued economic growth, the July Bureau of Labor Statistics Employment Report revealed that U.S. employers hired 209,000 workers during the month of July, surpassing most economists’ expectations. Healthcare once again lead the way in job creation, accounting for 19% of the new jobs added last month. The majority of the healthcare jobs added in July were within the ambulatory care setting (30,000), while hospitals contributed 7,300 jobs. As a whole the healthcare industry has grown by an average of 35K jobs per month during 2017.
The U.S. economy added 222,000 jobs in the month of June, with the healthcare industry accounting for 16% of the growth. This was the largest job growth seen in the past four months. Of the 36,500 healthcare jobs added last month, nearly three-quarters (26,000) were within the ambulatory care setting. Jobs in the acute care setting grew by 11,700 in June. As an industry, healthcare has contributed 24,000 jobs on average per month in 2017.
The U.S. added 138,000 jobs in May, furthering indicating that the country is approaching the tightest labor market seen in years. The unemployment rate edged down to 4.3%, the lowest level seen since May 2001.
The pace of hiring picked up again in April after an initially slow start earlier this spring. Unemployment dipped to 4.4%, the lowest level in almost a decade. If the rate drops again it will match a historic 16-year-low.
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The February 2017 U.S. Bureau of Labor Statistics Employment Report indicated that the country created 27,000 new healthcare jobs in February. Ambulatory care and hospital jobs increased by 64 percent and 50 percent, respectively, from January to February, while the unemployment rate remained steady across the two months.