US Healthcare Labor Market Update 2022 Q2
The Indeed Hiring Lab tracks employment trends in the Healthcare vertical, analyzing the latest Indeed and Bureau of Labor Statistics data.
The Indeed Hiring Lab tracks employment trends in the Healthcare vertical, analyzing the latest Indeed and Bureau of Labor Statistics data. We look at overall labor market trends, and then dive deeper into job postings trends in various Healthcare occupational categories, such as Pharmacy and Nursing. Finally, on the job seeker side, we examine trends in labor force participation.
Indeed job postings
Overall employer demand for workers remains strong. As of April 8th, Indeed job postings are 56.5% above their pre-pandemic baseline, but overall growth in labor demand has slowed in recent months.
Healthcare job postings
As is typical in healthcare, demand for workers remains strong as job posting trends for nearly every category are above the overall labor market trend. Pharmacy job postings (63.1% above pre-pandemic baseline) have dropped in 2022, while Nursing (+66.2%) and Physicians & Surgeons (+74.9%) postings remain flat.
Therapy job postings (+55.7%) finally caught up with the overall labor market trend in late 2021 and continue to track all job postings. Medical Technician job postings (+77.7%) have edged down, while Personal Care & Home Health postings (+84.2%) are flat through the year.
Mothers return to labor force
The share of the prime-age population with a job has risen across the labor market, but focusing on mothers and fathers of young kids reveals more positive news. The gap between fathers and mothers that developed during the pandemic has all but closed, and more importantly, the share of mothers with younger kids is nearing its pre-pandemic level. For some healthcare occupations that rely on a largely female workforce, this points to relief in labor supply as these workers return to the labor force.
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Daniel Culbertson is an Outreach Economist at the Indeed Hiring Lab with a focus on the US labor market. Daniel previously specialized in regional analysis and forecasting as an economist with Moody’s Analytics and holds a M.A. in economics from the University of Delaware.