Vital Signs Fall 2021: Healthcare and Medical Office Report

VITAL SIGNS

Employment trends have mirrored the spending data. Total healthcare employment fell by 1.6 million during the recession. Since April 2020, employment has increased by roughly 1.1 million, leaving a shortfall of 513,000 jobs. Employment recovery has been strongest in dentists’ offices, which have added 581,000 jobs since April 2020. Doctors’ offices have added 285,000 jobs and “Other Practitioners” (chiropractors, acupuncture, etc.) have added 218,000. One segment still losing jobs is nursing homes where employment has fallen by 245,000 jobs since April 2020. U.S. HEALTHCARE EMPLOYMENT TOTAL

10 11 12 13 14 15 16 17 Thousands of Persons

8 9

Source: U.S. Bureau of Labor Statistics

HEALTHCARE SECTOR JOB LOSS AND RECOVERY

-550 -350 -150 50 250 450 650

Apr 2020 - Aug 2021 Feb 2020 - Apr 2020 Net

Since April 2020, employment has increased by roughly 1.1 million, leaving a shortfall of 513,000 jobs.

Thousands of Persons

Source: U.S. Bureau of Labor Statistics

4 | CUSHMAN & WAKEFIELD