Au­gust job growth re­mains slug­gish in health­care sec­tor

Modern Healthcare - - LATE NEWS -

Health­care job growth con­tin­ued to drag in Au­gust as hospi­tal hir­ing re­mained slug­gish and physi­cian of­fices added a mere 700 jobs. Health­care added 16,700 jobs last month, a gain of 0.1%, to bring the in­dus­try’s to­tal em­ploy­ment to 14.4 mil­lion jobs, ac­cord­ing to sea­son­ally ad­justed es­ti­mates re­leased by the U.S. Bureau of La­bor Sta­tis­tics. All fig­ures are pre­lim­i­nary. On av­er­age, health­care hir­ing has in­creased 0.2% each of the past 12 months. Health­care ac­counted for 17% of the U.S. econ­omy’s job growth last month. The econ­omy over­all added 96,000 jobs, an in­crease of 0.1%. The un­em­ploy­ment rate dipped to 8.1% from 8.3% the prior month. Hos­pi­tals added 5,700 jobs to their payrolls last month, or an in­crease of 0.1%, to bring the sec­tor’s to­tal em­ploy­ment to 4.8 mil­lion. The monthly growth rate for hospi­tal hir­ing dur­ing the past year was 0.2%. Hospi­tal hir­ing in the prior year in­creased 1.8%, or 87,400 jobs. Physi­cian of­fice hir­ing was largely flat in Au­gust; the 700 jobs added in the sec­tor brought physi­cian of­fice payrolls to 2.4 mil­lion. That’s com­pared with the monthly av­er­age em­ploy­ment gains of 0.2% dur­ing the past year. For the 12 months that ended in Au­gust, physi­cian of­fices added 63,500 jobs, an in­crease of 2.7%.

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