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 dive deeper into job postings trends in various Healthcare occupational categories. Finally, we dive into recent trends relating to employers’ advertisement of signing bonuses.
- All job postings on the Indeed site are down 7.7% over the past year
- Postings in most healthcare categories have been flat, with only Physicians & Surgeons and Therapy postings notching substantial gains
- All healthcare categories have seen wage growth slow in the past six months
Indeed job postings
As we near the end of the fourth quarter of 2022 Indeed job postings have continued to reflect a cooling labor market. As of December 9, job postings are down 7.7% from the same time last year. However, demand for workers remains quite strong. As of December 9, the Indeed Job Postings Index registered at 148, meaning job postings remain 48% above their pre-pandemic base line.
Healthcare job postings
While most segments of the labor market are slowing down, some healthcare categories have proved to be the exception. In particular, Physician & Surgeon postings have climbed in recent months, up 15.8% from the same time last year. Meanwhile, Nursing job postings have been flat this year, up 0.07%, and Pharmacy job postings have declined 8.8% from the same time last year.
Therapy and Personal Care & Home Health job postings are also on the rise, up 12.5% and 3.3%, respectively, from the same time last year. This divergence in some healthcare categories from the overall labor market is not all too surprising as demand for healthcare workers has remained strong throughout the pandemic. Medical Technician postings have only moved sideways through 2022, down 0.02% from the same time last year.
Healthcare wage growth
As the labor market has cooled this year employers have had to compete a bit less for workers, which is reflected in advertised wages. Recent data from the Indeed Wage Tracker show that wages across the labor market are growing at 6.5% year-over-year, down from their March 2022 high of 9%. Strong demand for workers has kept wage growth in some categories quite high, as evidenced by Personal Care & Home Health wage growth of 9.4% exceeding that of the overall labor market. However, all healthcare categories have seen wage growth slow in the past six months.
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