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Payrolls Increase by Nearly 1.4 Million in August; Economic Recovery Continues

HealthTrust Workforce Solutions on Sep 4, 2020 10:54:51 AM

August 2020 HWS Healthcare Employment Report

According to the Bureau of Labor Statistics (BLS) August 2020 Hiring Situation, nearly 1.4 million jobs were added to payrolls last month as the economic recovery continues on. The unemployment rate also continued to decline, dipping to 8.4% in August from 10.2% in July. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it.

During the month of August, the healthcare sector added 75,000 jobs, with 14,000 new jobs created in hospitals and 75,300 within ambulatory care settings. Growth continues to be offset by job loss in nursing care facilities. The healthcare unemployment rate continued to drop, edging down to 5.4% from July’s 6.6%.

Topics: Jobs Report, Coronavirus

  

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