Healthcare employment growth predicted to skyrocket through 2020

Job growth in the healthcare sector will outpace other sectors through 2020 predicts new statistics released by the U.S. Bureau of Labor Statistics.

BLS’ employment projections find that total employment is expected to grow by 14.3 percent through 2020, resulting in 20.5 million jobs. Healthcare and social assistance should see the most gain with 5.6 million jobs.

Employment in healthcare support occupations is predicted to grow the fastest, at 34.5 percent, followed by personal care and services occupations at 26.8 percent and healthcare practitioners and technical jobs at 25.9 percent.

Registered nurses, home health aides and personal care aides are expected to be among the occupations that add the most jobs at 712,000, 706,000 and 607,000 respectively.

In addition to releasing its economic projections through 2020, BLS released its employment outlook for January, which found that the economy added 243,000 jobs last month and that the unemployment rate fell to 8.3 percent.

As has been the trend, the healthcare sector continued to add jobs last month (more than 31,000) with hospitals and ambulatory care services each adding 13,000.

[See also: Healthcare employment continued to rise in December.]

Follow HFN associate editor Stephanie Bouchard on Twitter @SBouchardHFN.