5 numbers on the healthcare job market

In an ever-shifting economy, compensation expectations, availability of staff and career satisfaction are constantly changing.

Here are five numbers shedding light on the state of the healthcare job market that physicians should know:

1,630,000: The number of open healthcare industry jobs in May, according to the latest Bureau of Labor Statistics Job Openings and Labor Turnover report, published July 2.

801,000: The number of hires in the healthcare labor force in May, according to the BLS report. 

77.6%: The percentage of physicians that are now employed by hospitals, health systems or corporate entities, according to an April report by the Physicians Advocacy Institute and Avalere.

39%: The percentage of physicians that have side jobs, according to a recent Medscape survey.

7.4: The overall score out of 10 the role of nurse practitioner received in U.S. News & World Report's "Best Health Care Jobs" ranking for 2024, making it the highest-rated occupation in healthcare. Working as a psychiatrist was the highest-rated physician specialty, earning a score of 5.6.

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