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

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Presentation on theme: "Healthcare Sector Projections Michael Wolf Employment Projection Program PMP Summit June 3, 2014."— Presentation transcript:

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

2 Overview Healthcare industry output Healthcare industry employment Occupational employment 2

3 Nominal Output by Industry Sector: Billions of dollars

4 Nominal Output by Healthcare Sector: Billions of dollars

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

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

7 Employment by Industry Sector: Thousands of wage and salary jobs

8 Employment by Healthcare Sector: Thousands of wage and salary jobs

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

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

11 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%

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

13 Healthcare Sector Employment, 1990-projected

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

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

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

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

18 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

19 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

20 Contact Information Michael Wolf Branch Chief Employment Projections Program


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