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The health care sector experiences record job growth last year
January 26, 2016
A recent report issued by the Bureau of Labor Statistics showed that 2015 was job growth in the health care sector reached record levels, according to the Bureau of Labor Statistics. Health Leaders Media reported that of the 2.6 million new jobs created in the country, 18 percent of them were in the health care industry. Furthermore, the health care sector also accounted for 18 percent of the U.S. gross domestic product last year.
The health care sector explodes in 2015 With 474,000 new jobs created in the sector, the health care industry experienced a 53 percent year-over-year increase over the 309,000 positions in 2014. The Bureau of Labor Statistics reported that the health care industry has grown to 15.3 million total jobs with 5 million in hospital positions and 7 million in ambulatory services. These two subsectors were the two largest for job growth last year with 258,000 and 172,200 new positions added to payrolls throughout the nation. Ambulatory jobs in particular rose by 12 percent over 2014 when 230,000 jobs were generated. According to an interview with Health Leaders Media, Christopher DeCarlo, an economist with the Bureau of Labor Statistics explained that the record highs in job creation last year were a direct result of supply and demand.
"What you would probably find is that the increased costs and increased labor costs are closely tied to wages and benefits," DeCarlo argued. "Ultimately what you probably have is more people coming into the healthcare sector as a result of the higher wages and net growth, particularly with the increasing the number of retirees."
The health care sector is not offering dead end jobs The growth in health care jobs is due in part to the fact that there are positions available in every state in the nation. Health Care Dive reported that the salaries in the industry are among the highest by average of any sector. Supporting this point was a report by Health Leaders Media which found that while the health care industry has supplied well-paying jobs in the short term, the positions are also sustainable – so much so that the only comparable sector to health care is education because they require high levels of human input and have become more popular with higher population rates.
The result of this new health care job growth is that there is room for career growth in these roles.