Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.

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Presentation transcript:

Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment Labor Market Information, CDLE

Labor Market Information Colorado Department of Labor and Employment Population/Demand Trends Health Care Industry Today  Hospitals  Ambulatory Health Care Services  Nursing Care Facilities Health Care Occupations Today Future Outlook for Health Care Employment Agenda

Labor Market Information Colorado Department of Labor and Employment Colorado Population by Age – 2000 and 2030 Source: Colorado State Demographer’s Office

Labor Market Information Colorado Department of Labor and Employment Colorado’s population is getting older In 2000, Colorado was ranked 6 th highest in the U.S. in their percentage of Baby Boomers Between 2000 and 2020, Colorado’s population will grow 5.9% per year compared to:  3.9% for this age group in the U.S.  1.7% for Colorado, all ages Colorado Trends Source: Colorado State Demographer’s Office

Labor Market Information Colorado Department of Labor and Employment Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment The Health Care & Social Assistance industry makes up 10% of Colorado’s total employment Of Health Care Employment  Hospitals makes up 31% (73,574 employees)  Ambulatory Health Care Services 37% (86,951)  Nursing Care Facilities 9% (21,565) Source: CDLE, Quarterly Census of Employment and Wages, 2007 annual data Colorado

Labor Market Information Colorado Department of Labor and Employment Source: CDLE, Quarterly Census of Employment and Wages Colorado Health Care Employment Over Time

Labor Market Information Colorado Department of Labor and Employment Labor Market Information Colorado Department of Labor and Employment Colorado Health Care Labor Market Colorado Wages - Health Care & Social Assistance Handout

Labor Market Information Colorado Department of Labor and Employment Source: CDLE, Quarterly Census of Employment and Wages, 2007 annual data Colorado Average Annual Wages

Labor Market Information Colorado Department of Labor and Employment Labor Market Information Colorado Department of Labor and Employment Colorado Health Care Labor Market Ambulatory Health Care Services Handout

Labor Market Information Colorado Department of Labor and Employment Colorado HealthCare LaborMarket Industry Workforce Characteristics Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment Source: CDLE, Local Employment Dynamics, Colorado Gender Distribution Hospitals All IndustriesNursing Care Facilities Ambulatory Health Care Services

Labor Market Information Colorado Department of Labor and Employment Source: CDLE, Local Employment Dynamics, Colorado Age Distribution

Labor Market Information Colorado Department of Labor and Employment Source: CDLE, Local Employment Dynamics, Colorado Percentage of Workers Age 55+

Labor Market Information Colorado Department of Labor and Employment Source: CDLE, Local Employment Dynamics, Colorado Turnover Rates for Older Workers

Labor Market Information Colorado Department of Labor and Employment Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment Sample Occupations within Health Care Source: CDLE, Occupational Employment Statistics (OES), 2007 Registered Nurses Nursing Aides, Orderlies & Attendants Dentists Pharmacists Physicians & Surgeons Family & General Practitioners Colorado

Labor Market Information Colorado Department of Labor and Employment Registered Nurse Staffing Patterns Source: CDLE, Long-term Projections Industry Title Change Average Annual % Change Total Employment, All Jobs36,75350,05713, Hospitals21,51829,5698, Ambulatory Health Care Services7,64710,5472, Nursing and Residential Care Facilities2,1602, Administrative and Support Services1,5072, Educational Services7931, Social Assistance Colorado

Labor Market Information Colorado Department of Labor and Employment Colorado Source: CDLE, Occupational Employment Statistics (OES), 2007 Median Hourly Wages

Labor Market Information Colorado Department of Labor and Employment Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment Source: CDLE, Long-term Projections, released 2008 Industry Projections Colorado 28.5% 29.5% 31.2%

Labor Market Information Colorado Department of Labor and Employment Source: CDLE, Long-term Projections Colorado Occupation Change Average Annual % Change Registered Nurses36,75350,05713, Nursing Aides, Orderlies & Attendants16,48621,2064, Dentists1,9242, Pharmacists3,9985,3391, Physicians & Surgeons3,9404, Family & General Practitioners2,0532,

Labor Market Information Colorado Department of Labor and Employment Demand for health care services is expected to increase with the aging of baby boomers At the same time, health care’s workforce is getting older Destination state – ability to recruit workers Summary & Future Outlook

Labor Market Information Colorado Department of Labor and Employment Labor Market Information Colorado Department of Labor and Employment