Colorado’s Health Care Labor Market

Labor Market Information

Colorado Department of Labor and Employment

Colorado’sHealth CareLabor Market

Alexandra HallChief EconomistColorado Dept. of Labor and Employment303-318-8850



Population/Demand Trends

Health Care Industry Today Focus on Hospitals

Health Care Occupations Today Focus on Registered Nurses

Future Outlook for Hospitals and Health Care Jobs

Agenda



Colorado Population by Age – 2000 and 2030

Source: Colorado State Demographer’s Office

2000

2030



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 total

Colorado Trends

Source: Colorado State Demographer’s Office



The Health Care & Social Assistance industry makes up 11 percent of Colorado’s total employment

Of Health Care Employment Hospitals makes up 25% (50,143 employees) Home Health Care Services 5% (9,836) Nursing Care Facilities 10% (20,113)

Source: CDLE, Quarterly Census of Employment and Wages, 2006 annual data

Colorado



Source: CDLE, Quarterly Census of Employment and Wages, 2006 annual data

Colorado

$23,803$28,247

$45,397 $43,664

$0

$20,000

$40,000

$60,000

Average Annual Wages

Home Health Care Services Nursing Care Facilities Hospitals All Industries



Source: CDLE, Quarterly Census of Employment and Wages, private employment

Colorado Hospitals

Employment and Establishments

36,000

40,000

44,000

48,000

52,000

2000 2001 2002 2003 2004 2005 2006

Empl

oym

ent

707580859095

Esta

blis

hmen

ts

Employment Establishments




Home Health Care ServicesEmployment and Establishments

6,0007,0008,0009,000

10,00011,000

2000 2001 2002 2003 2004 2005 2006

Empl

oym

ent

50

100

150

200

250

Esta

blis

hmen

ts


Colorado




ColoradoNursing Care Facilities

Employment and Establishments

17,000

18,000

19,000

20,000

21,000

2000 2001 2002 2003 2004 2005 2006

Empl

oym

ent

200

210

220

230

Esta

blis

hmen

ts




ColoradoWages—Hospital s

ColoradoHealthCareLaborMarket




Colorado Department of Labor and EmploymentColorado



ColoradoHealth CareLaborMarket

IndustryWorkforceCharacteristics





Source: CDLE, Local Employment Dynamics, 2005 annual data

Colorado Gender Distribution

Male21%

Female79%

Hospitals

Male52%

Female48%

All Industries




Colorado Age Distribution

Hospitals

0%

10%

20%

30%

14-18 19-21 22-24 25-34 35-44 45-54 55-64 65-99

Hospitals All Industries



Source: CDLE, Local Employment Dynamics

Colorado’s Older Workers

Percentage of Hospital Workers Age 55+

05

101520

1995 2000 2005





Colorado

Hospital Turnover Rates for Older Workers

5%

7%

9%

11%

13%

15%

All Ages 55-64 65+




ColoradoHealthCareLaborMarket

Occupations





Top 5 Occupations within Hospitals

Source: CDLE, Occupational Employment Statistics (OES), 2006

Registered Nurses – 20,530 employees

Nursing Aides, Orderlies and Attendants – 3,370

Licensed Practical & Licensed Vocational Nurses – 1,930

Radiologic Technologists and Technicians – 1,720

Medical and Clinical Laboratory Technologists – 1,470

Colorado



Registered Nurse Staffing Patterns

Source: CDLE, Long-term Projections

Industry Title 2005 2015 Change

Average Annual % Change

Total Employment, All Jobs 34,340 44,400 10,060 2.9

Hospitals 20,215 24,005 3,790 1.9

Ambulatory Health Care Services 7,020 10,795 3,775 5.4

Nursing and Residential Care Facilities 2,045 2,525 480 2.4

Administrative and Support Services 1,180 2,310 1,130 9.6

Educational Services 740 1,005 265 3.6

Government 1,600 1,960 360 2.3

Social Assistance 225 295 70 3.1

Colorado



Median Hourly Wages$30.01 $29.58 $29.30

$28.47

$27.14$28.15

$25.00$26.00$27.00$28.00$29.00$30.00$31.00

Hospit

als

Admin

& Sup

port

All Ind

ustrie

s

Wages – Registered Nurses

Educa

tiona

l Serv

ices

Ambulat

ory H

ealth

Care

Nursing

& R

eside

ntial



Colorado Department of Labor and EmploymentColorado

Registered Nurse Hourly Wage Ranges




Source: CDLE, Long-term Projections, released 2007

Industry Projections


Hospitals are expected to grow 29.6% between 2005 and 2015, adding 19,437 jobs

Total Employment, All Industries projected to grow by 30.6% in that same 10-year period

Colorado



Occupation Projections


Occupation

2005Estimated

Employment

2015Projected

Employment

Total2005-2015

EmploymentChange

AnnualAverage

% Change

Total %Change

Registered Nurses 34,342 44,402 10,060 2.6 29.3

LPNs and LVNs 6,699 9,100 2,401 3.1 35.8

Nursing Aides, Orderlies and Attendants

15,267 18,657 3,390 2 22.2

Total - All Occupations 2,382,803 3,111,495 728,692 2.7 30.6

Colorado



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Colorado’s Health Care Labor Market

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