2011 Healthcare Employment Outlook
John Rossheim | Monster Senior Contributing Writer
For healthcare professionals and aspirants, 2011 will be a building year. Healthcare hiring may pick up a bit after slow growth in 2009 and 2010, but several factors will continue to constrain the creation of jobs and limit career mobility.
Still, healthcare continues to be the countercyclical career success story of the great recession. From the start of the downturn in December 2007 until September 2010, the healthcare sector grew by 720,000 jobs, while all other industries lost nearly 8.5 million jobs, according to an analysis of Bureau of Labor Statistics data by the Altarum Institute’s Center for Studying Health Spending, a research and consulting organization.
And in the long term, healthcare is still expected to be a driver of broad economic expansion as well as a source for job growth. From 2008 to 2018, healthcare and social-assistance employment will expand by nearly 4 million jobs, to 19.8 million, according BLS projections.