Economic Outlook for Healthcare Professions

Economic Outlook for Healthcare Professions

  • The Bureau of Labor Statistics estimates that the healthcare industry will grow by 25% between 2006 and 2016, adding 3 million new jobs. 

  •  Thirteen of the twenty fastest-growing occupations are healthcare related. 

  • Nearly 600,000 new registered nurse positions are projected to open by 2016.

 

Table 3. Job Prospects for the Major Degrees Offered by JCHS:
Job Description # of U.S. Jobs in 2008 Projected Growth by 2018 Median Earnings in May 2008 Degree Offered
Total U.S. Job Prospects:
Registered Nurse 2,618,700 22% $62,450 BS/MS
EHS Paramedic 210,700  9% $29,330 BS
Fire Fighters 310,400 18% $44,260 BS
Medical and health services managers 283,500 16% $80,240 BS
Occupational Therapist 104,500 25% $66,780 MS
Occupational Therapist Assistant 26,600 30% $48,230 AS
Physician Assistant 74,800 39% $81,230 MS
Physical Therapist Assistant 63,800 33% $46,140 AS
Athletic Trainers 16,300 37% $39,640 BS (Health & Exercise)
Medical and Public Health Social Workers 138,700 22% $45,650 BS (Health Psych)
Medical and Clinical Laboratory Technologists 172,400 12% $53,500 BS (Biomed)
Respiratory Therapist 105,900 21% $52,200 AS
Virginia Job Prospects:
Registered Nurse 60,588 23% $63,838 AS/BS/MS
EHS Paramedic 4,317 22% $34,960 BS
Fire Fighters 8,153 27% $41,169 BS
Medical and health services managers 5,426 21% $92,987 BS
Occupational Therapist 2,387 27% $75,617 MS
Occupational Therapist Assistant 668 41% $55,563 AS
Physician Assistant 1,426 39% $74,660 MS
Physical Therapist Assistant 1,577 41% $50,683 AS
Athletic Trainers 333 47% $36,593 BS (Health & Exercise)
Medical and Public Health Social Workers 2,129 26% $48,433 BS (Health Psych)
Medical and Clinical Laboratory Technologists 4,671 22% $60,518 BS (Biomed)
Respiratory Therapist 2,303 21% $54,502 AS

Source: U.S. information was compiled from Bureau of Labor Statistics data except where otherwise noted. Virginia information was compiled from Virginia Workforce Connection data except where otherwise noted. Information retrieved on 11/1/10