The Indeed Hiring Lab tracks Healthcare employment trends, analyzing the latest Indeed and Bureau of Labor Statistics data. We look at overall labor market trends and dive deeper into job-posting trends in various Healthcare occupational categories. Finally, we dive into recent trends relating to employers’ advertisement of salary in job postings.
- Employer demand for workers overall continues to decline, with job postings down 14.8% from mid-January, 2023.
- Physicians & Surgeons and Therapy job postings have notched gains, while most other healthcare categories have experienced modest declines.
- Wage growth is still slowing, with Nursing and Personal Care & Home Health easing the most in the past six months.
Indeed job postings
While employer demand for workers overall is still elevated compared to pre-pandemic norms, the market has cooled definitively over the past year. The Indeed Job Postings Index (JPI) stood at 124 on Jan. 12, meaning total postings were still 24% above their level from Feb. 1, 2020. Postings were down 14.8% year-over-year, though the pace of the annual decline slowed notably in the second half of 2023. The JPI fell by 20 index points in the first six months of the year (from 148 to 128) but by only 4 points in the second half of the year.
Healthcare job postings
Job postings are declining in most categories in the Healthcare vertical, with a few exceptions. Physician & Surgeon job postings lost a bit of steam in the last quarter of 2023, but remained up 4.1% year-over-year as of Jan. 12. Nursing and Personal Care & Home Health job postings have continued to recede, down 18.8% and 7.3%, respectively, over the last year.
Therapy roles are also one of the few categories still adding postings (even by the slimmest of margins), up 0.8% year-year as of Jan. 12. Dental job postings mostly dropped in the fourth quarter, and are now down 10.6% from a year ago, while Pharmacy roles have fallen 4.5% over the past year.
The Indeed Wage Tracker shows that advertised pay in most categories is growing at a faster annual rate than the national average from December 2023 (3.8%). But while overall growth is strong, wage growth in all categories slowed in the second half of 2023.
For more labor market insights from the Indeed Hiring Lab, visit us at hiringlab.org.