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Healthy Outlook for Healthcare
Healthcare has remained robust and continues to grow, according to the U.S. Bureau of Labor Statistics (BLS).
For starters, looking back, healthcare employment increased by 31.6%, or 3.5 million jobs, during the period 2001 through 2014 - even with The Great Recession from December 2007 to June 2009. In fact, says BLS, during this 13-year timeframe, 56.1% of all national job growth occurred in healthcare.
Today BLS reports that employment of healthcare occupations is projected to grow 18% through 2026, much faster than the average for all occupations, adding about 2.4 million new jobs.
Plus, more specifically, notes BLS, the outlook for healthcare administration is strong, with a 17% projected growth through 2024, a rate higher than average for all jobs. BLS also expects a much-faster-than-average 20% projected growth through 2026 for medical and health services managers, also called healthcare executives or healthcare administrators.
In addition, given the advancing age of Baby Boomers, the demand for access to healthcare will only increase, making this field a most in-demand profession.
Source: U.S. Bureau of Labor Statistics (BLS)
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