Health care still driving job growth

Written on Apr 19, 2018

The latest employment numbers released by the federal government indicate that health care remains among the major industry sectors driving jobs growth.

More than 22,000 health care jobs were added in March, keeping roughly in line with the average number of health care jobs added for each of the past 12 months, according to data released April 6 by the Bureau of Labor Statistics (BLS).

Within health care, the largest gains were among ambulatory health care services (16,000 jobs) and hospitals (10,000 jobs). Nursing and residential care facilities, meanwhile, lost nearly 4,000 jobs in March.

These overall numbers are not surprising. Health care occupations were projected to grow by 18%, or 2.4 million jobs, from 2016 to 2026, according to BLS analysis. The strength of the health care sector is attributed largely to the aging U.S. population, which drives demand for services.

But this rising demand coincides also with rising health care spending, which is projected to grow by 5.5% each year through 2026, outpacing American spending in other sectors.

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