Healthcare Business News

Late News: Healthcare adds jobs, but pace slows from yearly level

By Modern Healthcare
Posted: December 8, 2012 - 12:01 am ET

The healthcare services sector added 20,000 jobs in November, down from the 34,100 increase in October and below the pace set in the 12 months ended in November, according to preliminary seasonally adjusted data from the U.S. Bureau of Labor Statistics. Healthcare added 313,100 jobs in the 12-month period through November, an average of nearly 26,100 jobs a month. Total healthcare employment as of November was 14.5 million. Within that sector, hospitals increased their job count by 8,300 in November, up from the 6,500 jobs added in October and on track with one-year figures, which show growth of 82,200, or 6,850 a month. Hospitals employed 4.8 million in total as of November. Physician offices, meanwhile, added 1,700 jobs in November after having seen job growth of 12,600 in October. Physician offices added 65,700 jobs in the year ended in November, a monthly average of 5,475. Total physician office employment was 2.5 million. Healthcare's rising ranks contributed to an increase in total nonfarm employment of 146,000 in November, as the nationwide unemployment rate dropped to 7.7% from 7.9% in October, according to the BLS.

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