According to an April 5 report from the U.S. Bureau of Labor Statistics, the number of healthcare jobs increased by 72,000 in March, including gains in nursing and residential care facilities (+18,000), home health care (+12,000) and hospitals (+27,000). The growth in healthcare jobs is in line with the 70,000 jobs added within the sector in January and 67,000 added in February.
In aggregate, the U.S. added 303,000 non-farm jobs in March, up from 275,000 in February and exceeding economists’ expectations. The nation’s unemployment rate changed little at 3.8 percent. The Bureau’s Job Openings and Labor Turnover report for February 2023, in turn, confirms that demand for labor continues to exceed supply, with data showing a ratio of 0.7 unemployed persons per job opening – i.e., there are approximately 1.4 jobs for every one individual seeking employment.
