Healthcare Sector Projections Michael Wolf Employment Projection Program PMP Summit June 3, 2014.

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Presentation transcript:

Healthcare Sector Projections Michael Wolf Employment Projection Program PMP Summit June 3, 2014

Overview Healthcare industry output Healthcare industry employment Occupational employment 2

Nominal Output by Industry Sector: Billions of dollars

Nominal Output by Healthcare Sector: Billions of dollars

Real Output Growth by Industry Sector: Projected Annual rate of change

Real Output Growth by Healthcare Sector: Projected Annual rate of change

Employment by Industry Sector: Thousands of wage and salary jobs

Employment by Healthcare Sector: Thousands of wage and salary jobs

Employment Change by Industry Sector: Projected Thousands of wage and salary jobs

Employment Change by Healthcare Sector: Projected Thousands of wage and salary jobs

Rate of Change in Employment by Industry Sector: Projected Annual rate of change for wage and salary employment Total nonagricultural wage and salary annual growth= 1.0%

Rate of Change in Employment by Industry Sector: Projected Annual rate of change for wage and salary employment

Healthcare Sector Employment, 1990-projected

Percent Change in Employment by Major Occupational Group 14 Projected Average, all occupations = 10.8%

Percent Change in Employment by Major Occupational Group 15 Projected Average, all occupations = 10.8%

Employment Change by Major Occupational Group 16 Thousands of jobs, projected

Employment Change by Major Occupational Group 17 Thousands of jobs, projected

Fastest Growing Occupations 18 Percent change, projected Median annual wages, May 2012 $83,580 $19,910 $20,820 $39,170 $45,430 $65,860 $28,220 $53,240 $56,800 $52,160

Median annual wages, May 2012 $19,910 $65,470 $21,110 $20,820 $18,260 $24,420 $32,410 $30,580 $22,320 $29,990 Thousands of jobs, projected Occupations with the Largest Job Growth 19

Contact Information Michael Wolf Branch Chief Employment Projections Program