Engage_BlogImage_1.jpg

638K Jobs Gained in October 2020 as Economic Recovery Continues

Posted by HealthTrust Workforce Solutions on Nov 9, 2020 1:16:58 PM

The October Bureau of Labor Statistics (BLS) 2020 Hiring Situation reported job growth of 638,000 new jobs last month, with the unemployment rate dropping down one percentage point to 6.9%. In October, employment in healthcare rose by 58,300 new jobs, with the largest gains occurring in ambulatory care settings (50,700) and hospitals (+16,200) These increases were partially offset by a decline of 9,000 in nursing and residential care facilities.

Read More

Topics: Jobs Report, Coronavirus, October

September 2020 Jobs Report: 661K New Jobs Added; Unemployment at 7.9%

Posted by HealthTrust Workforce Solutions on Oct 2, 2020 12:38:01 PM

The latest Bureau of Labor Statistics (BLS) 2020 Hiring Situation revealed that 661,000 jobs were created during the month of September. The unemployment rate edged down to 7.9% last month. Bars and restaurants added the most jobs in September (200,000), followed by retail, health care and white-collar businesses. The U.S. has recovered about 11.4 million jobs since the recovery got underway in May. 

Read More

Topics: Jobs Report

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

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

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.

Read More

Topics: Jobs Report, Coronavirus

Job Growth Accelerates in June, Adding Record 4.8 Million Jobs

Posted by HealthTrust Workforce Solutions on Jul 2, 2020 11:29:04 AM

 

The Bureau of Labor Statistics (BLS) June 2020 Hiring Situation reported that payrolls grew by 4.8 million last month.  Higher than the 3 million jobs economists have anticipated would be gained.  Unemployment dropped from 13.3% to 11.1% while job growth numbers were the largest since the government started keeping records in 1939 amid what economists believe to be the deepest and shortest recession in American history.

Read More

Topics: Healthcare, Healthcare Recruitment, Jobs Report, Coronavirus

U.S. Economy Surprises in May, Regaining 2.5 Million Jobs

Posted by HealthTrust Workforce Solutions on Jun 5, 2020 3:36:01 PM

 

The Bureau of Labor Statistics (BLS) May 2020 Hiring Situation surprised economists, revealing that 2.5 million jobs were regained last month, significantly higher than the 7.5 million job loss anticipated. The gains come as the economy has begun to open up across the country and the initial economic shock of COVID-19 appears to have stabilized. That said, many economists still believe the road to economic recovery will be long. The unemployment rate edged down to 13.3%. 

Within the healthcare sector, 312,400 jobs returned, with gains seen primarily in offices of physicians, healthcare practitioners and dentists. Jobs within ambulatory care settings grew by 375,700, however hospital payrolls fell by 26,700.

Read More

Topics: Healthcare, Healthcare Recruitment, Jobs Report, Coronavirus

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

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

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

  

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