Health Care Sector Creates Most Jobs this Decade

Just the Facts from Joe Friday

The numbers and facts you are about to see are all true… As of February 10th

This information was compiled from the Bureau of Labor Statistic and their February 1st Economic News Release.

  • As one of the largest industries in 2008, healthcare provided 14.3 million jobs for wage and salary workers. About 40 percent were in hospitals; another 21 percent were in nursing and residential care facilities; and 16 percent were in offices of physicians.
  • Ten of the 20 fastest growing occupations are healthcare related.
  • Healthcare will generate 3.2 million new wage and salary jobs between 2008 and 2018, more than any other industry, largely in response to rapid growth in the elderly population.
  • Most workers have jobs that require less than 4 years of college education, but health diagnosing and treating practitioners are highly educated.
  • About 595,800 establishments make up the healthcare industry. About 76 percent of healthcare establishments are offices of physicians, dentists, or other health practitioners.
  • Hospitals makeup only 1% of all healthcare establishments, but they employ 35% of all workers
  • Of the 22 major occupational groups, employment in healthcare support occupations is expected to grow most rapidly (34.5%) this decade.

Have a good weekend.