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Colorado’s Health Care Labor Market

Colorado’s Health Care Labor Market. Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850. Agenda. Population/Demand Trends Health Care Industry Today Focus on Hospitals Health Care Occupations Today Focus on Registered Nurses

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Colorado’s Health Care Labor Market

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  1. Colorado’s Health Care Labor Market Alexandra HallChief Economist Colorado Dept. of Labor and Employment 303-318-8850

  2. Agenda • 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

  3. Colorado Population by Age – 2000 and 2030 2030 2000 Source: Colorado State Demographer’s Office

  4. Colorado Trends • Colorado’spopulation 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 Source: Colorado State Demographer’s Office

  5. Colorado • 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

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

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

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

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

  10. Labor Market Information Colorado Department of Labor and Employment

  11. Colorado

  12. Colorado

  13. Labor Market Information Colorado Department of Labor and Employment

  14. Colorado Gender Distribution Hospitals AllIndustries Source: CDLE, Local Employment Dynamics, 2005 annual data

  15. Colorado Age Distribution Hospitals Source: CDLE, Local Employment Dynamics, 2005 annual data

  16. Colorado’s Older Workers Source: CDLE, Local Employment Dynamics

  17. Colorado Source: CDLE, Local Employment Dynamics, 2005 annual data

  18. Labor Market Information Colorado Department of Labor and Employment

  19. Colorado Top 5 Occupations within Hospitals • 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 Source: CDLE, Occupational Employment Statistics (OES), 2006

  20. Colorado Registered Nurse Staffing Patterns Source: CDLE, Long-term Projections

  21. Wages – Registered Nurses Educational Services Ambulatory Health Care Nursing & Residential Source: CDLE, Occupational Employment Statistics (OES), 2006

  22. Colorado Registered Nurse Hourly Wage Ranges Source: CDLE, Occupational Employment Statistics (OES), 2006

  23. Colorado 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 Source: CDLE, Long-term Projections, released 2007 Source: CDLE, Long-term Projections

  24. Colorado Occupation Projections Source: CDLE, Long-term Projections

  25. Labor Market Information Colorado Department of Labor and Employment

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