Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and...
-
Upload
oscar-rodgers -
Category
Documents
-
view
219 -
download
2
Transcript of Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and...
![Page 1: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/1.jpg)
Colorado’sHealth CareLabor Market
Alexandra HallChief EconomistColorado Dept. of Labor and Employment303-318-8850
Labor Market Information, CDLE
![Page 2: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/2.jpg)
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
![Page 3: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/3.jpg)
Labor Market Information
Colorado Department of Labor and Employment
Colorado Population by Age – 2000 and 2030
Source: Colorado State Demographer’s Office
2000
2030
![Page 4: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/4.jpg)
Labor Market Information
Colorado Department of Labor and Employment
Colorado’s population is getting older
In 2000, Colorado was ranked 6th highest in the U.S. in their percentage of Baby Boomers
Between 2000 and 2020, Colorado’s population 55-64 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
![Page 5: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/5.jpg)
Labor Market Information
Colorado Department of Labor and Employment
ColoradoHealth CareLabor Market
Health CareIndustryToday
Labor Market Information
Colorado Department of Labor and Employment
![Page 6: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/6.jpg)
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
![Page 7: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/7.jpg)
Labor Market Information
Colorado Department of Labor and Employment
Source: CDLE, Quarterly Census of Employment and Wages
Colorado
Health Care Employment Over Time
50,000
60,000
70,000
80,000
90,000
2000 2001 2002 2003 2004 2005 2006 2007
Am
bula
tory
& H
ospi
tals
17,000
18,000
19,000
20,000
21,000
22,000
Nur
sing
Car
e Fa
cilit
ies
Ambulatory Health Care Services Hospitals Nursing Care Facilities
![Page 8: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/8.jpg)
Labor Market Information
Colorado Department of Labor and Employment
Labor Market Information
Colorado Department of Labor and Employment
ColoradoHealth CareLabor Market
Colorado Wages -
Health Care & Social AssistanceHandout
![Page 9: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/9.jpg)
Labor Market Information
Colorado Department of Labor and Employment
Source: CDLE, Quarterly Census of Employment and Wages, 2007 annual data
Colorado
Average Annual Wages
$47,247
$53,196
$29,492
$45,396
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
Hospitals Ambulatory Health CareServices
Nursing Care Facilities All Industries
![Page 10: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/10.jpg)
Labor Market Information
Colorado Department of Labor and Employment
Labor Market Information
Colorado Department of Labor and Employment
ColoradoHealth CareLabor Market
AmbulatoryHealth Care ServicesHandout
![Page 11: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/11.jpg)
Labor Market Information
Colorado Department of Labor and Employment
ColoradoHealth CareLabor Market
IndustryWorkforceCharacteristics
Labor Market Information
Colorado Department of Labor and Employment
![Page 12: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/12.jpg)
Labor Market Information
Colorado Department of Labor and Employment
Source: CDLE, Local Employment Dynamics, 2006-07
Colorado Gender Distribution
Male17%
Female83%
Male21%
Female79%
Male52%
Female48%
Hospitals
All IndustriesNursing Care Facilities
Male 22%
Female 78%
Ambulatory Health Care Services
![Page 13: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/13.jpg)
Labor Market Information
Colorado Department of Labor and Employment
Source: CDLE, Local Employment Dynamics, 2006-07
Colorado Age Distribution
0%
10%
20%
30%
14-18 19-21 22-24 25-34 35-44 45-54 55-64 65-99
Hospitals Ambulatory Health Care Services
Nursing Care Facilities All Industries
![Page 14: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/14.jpg)
Labor Market Information
Colorado Department of Labor and Employment
Source: CDLE, Local Employment Dynamics, 2006-07
Colorado
0
5
10
15
20
1996 2001 2006
Hospitals Ambulatory Health Care Services
Nursing Care Facilities All Industries
Percentage of Workers Age 55+
![Page 15: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/15.jpg)
Labor Market Information
Colorado Department of Labor and Employment
Source: CDLE, Local Employment Dynamics, 2006-07
Colorado
Turnover Rates for Older Workers
4%
6%
8%
10%
12%
14%
All Ages 55-64 65+
Hospitals Ambulatory Health Care Services
Nursing Care Facilities All Industries
![Page 16: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/16.jpg)
Labor Market Information
Colorado Department of Labor and Employment
ColoradoHealth CareLabor Market
Health CareOccupationsToday
Labor Market Information
Colorado Department of Labor and Employment
![Page 17: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/17.jpg)
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
![Page 18: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/18.jpg)
Labor Market Information
Colorado Department of Labor and Employment
Registered Nurse Staffing Patterns
Source: CDLE, Long-term Projections
Industry Title 2006 2016 Change
Average Annual % Change
Total Employment, All Jobs 36,753 50,057 13,304 3.1
Hospitals 21,518 29,569 8,051 3.2
Ambulatory Health Care Services 7,647 10,547 2,900 3.3
Nursing and Residential Care Facilities 2,160 2,865 705 2.9
Administrative and Support Services 1,507 2,329 822 4.5
Educational Services 793 1,005 212 2.4
Social Assistance 234 348 114 4.1
Colorado
![Page 19: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/19.jpg)
Labor Market Information
Colorado Department of Labor and EmploymentColorado
Source: CDLE, Occupational Employment Statistics (OES), 2007
$30.45
$12.50
$49.79
$64.74
$10.00
$30.00
$50.00
$70.00
Registered Nurses Nursing Aides,Orderlies &Attendants
Pharmacists Family & GeneralPractitioners
Median Hourly Wages
![Page 20: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/20.jpg)
Labor Market Information
Colorado Department of Labor and Employment
ColoradoHealth CareLabor Market
FutureOutlookforHealthCareEmployment
Labor Market Information
Colorado Department of Labor and Employment
![Page 21: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/21.jpg)
Labor Market Information
Colorado Department of Labor and Employment
35,587
82,907
67,537 86,802
107,392
46,678
0 20,000 40,000 60,000 80,000 100,000 120,000
Nursing andResidential Care
Facilities
Ambulatory HealthCare Services
Hospitals
2006 Employment 2016 Employment
Source: CDLE, Long-term Projections, released 2008
Industry ProjectionsColorado
28.5%
29.5%
31.2%
![Page 22: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/22.jpg)
Labor Market Information
Colorado Department of Labor and Employment
Source: CDLE, Long-term Projections
Colorado
Occupation 2006 2016 Change
Average Annual % Change
Registered Nurses 36,753 50,057 13,304 3.1
Nursing Aides, Orderlies & Attendants 16,486 21,206 4,720 2.5
Dentists 1,924 2,113 189 0.9
Pharmacists 3,998 5,339 1,341 2.9
Physicians & Surgeons 3,940 4,806 866 2.0
Family & General Practitioners 2,053 2,368 315 1.4
![Page 23: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/23.jpg)
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
![Page 24: Colorado’s Health Care Labor Market Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850 Labor Market Information, CDLE.](https://reader035.fdocuments.net/reader035/viewer/2022062421/56649db95503460f94aa96a6/html5/thumbnails/24.jpg)
Labor Market Information
Colorado Department of Labor and Employment
Questions
?
Labor Market Information
Colorado Department of Labor and Employment