Healthcare DIVE September 10, 2024
Hospitals continued to add workers to payrolls, while annual wage growth rates stabilized. Both are promising signs for nonprofit and for-profit providers.
Dive Brief:
- Jobs data released from the U.S. Bureau of Labor Statistics on Friday indicate hospitals experienced a reprieve from costly labor shortages during August, as talent became more readily available and slightly more affordable to bring on.
- The healthcare industry added jobs at a faster rate than other industries last month, with hospitals gaining 10,000 jobs, according to BLS data. A separate report from Fitch Ratings said labor was also improving for nonprofit hospitals, with payroll levels surpassing pre-pandemic levels by almost 7%.
- Critically, the cost to bring talent aboard is now growing at...
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