According to the Bureau of Labor Statistics (BLS), the unemployment rate in the US as of October 2020 was 6.9 percent, translating to 11.1 million jobless Americans. Unemployment has been a thorn in the flesh of America’s labor market. While various factors contribute to the unemployment rate, the COVID-19 pandemic has led to a meteoric rise in joblessness.
When the virus knocked on the doors early in the year, it led to a staggering unemployment rate of 14.7 percent—the highest rate experienced since the Great Depression. In April alone, 20.5 million jobs were lost.
While most industries have suffered the brunt of the pandemic, some have been more severely impacted than others. With increased lockdowns and movement restriction, industries like hotels, airlines, sports, dentist offices, scenic transportation, and movie theaters have been hit the hardest by the COVID-19 economic recession.
Although the pandemic has affected virtually every industry, the healthcare industry is currently filled to the brim with opportunities due to the steadily increasing active cases. According to the BLS, the healthcare industry is among the fastest-growing sectors in America. Factors fueling this tremendous growth include increasing rates of chronic diseases, emerging technology, and elevated medical care for the baby-boom generation.
Like every growing industry, the healthcare sector offers plenty of employment opportunities to accentuate growing needs. Although there is a demand for almost all healthcare positions, there is an increased demand for nurses, home health aides, medical assistants, therapists, and genetic counselors. These healthcare occupations are expected to continue roaring in the next five years and beyond.
If you are looking for healthcare professionals in various specialties, take time to research medical staffing agencies that can offer recruitment and placement of both temporary and permanent healthcare professionals.
If you are looking to change your career, healthcare could be whispering into your ears. It doesn’t matter whether you have a doctorate or outstanding admin skills. There is always an exciting opportunity for you to thrive in the healthcare industry.
According to the BLS, five out of the 20 fastest growing industries in the next decade are expected to emerge from the healthcare industry. Employment opportunities in the healthcare industry are expected to grow by 15 percent from 2019 to 2029, translating to 2.4 million new jobs. This rate is much faster than any other occupation.
This tremendous growth offers job security that is much needed in the shaky economic environment.
Hospitals are busy places—that is why most are open 24/7. As a result, employees always need to work overtime. Overtime guarantees a steady flow of income week in week out.
As of 2019, the median yearly income for healthcare practitioners and technical occupations (certified nurses, physicians, surgeons, and dentists) was $68,190, which was $39,180 higher than the median annual wages for all occupations in the economy. The neurosurgeons rank among the highest paid professionals in the healthcare industry, taking home an average annual pay of $396,000.
Coupled with other benefits, the healthcare industry is one of the best paying careers in the country.
Healthcare jobs are hot. There are tons of opportunities in the healthcare industry ranging from administration, healthcare support occupations to technical occupations. The ground to play is vast. And the good thing is that you do not need numerous years in medical training to take advantage of the opportunities. With a certificate, you can work as an intern, volunteer, or assistant.
You must have heard people complaining about their jobs being mundane and repetitive. This is rarely a trait of the healthcare industry. Here the environment is fast-paced with an ever-changing atmosphere. It’s unlikely that you will live the same day twice. This vibrancy cannot be guaranteed in most positions in other industries.
Job satisfaction has been cited as one of the reasons employees are likely to stay longer in an organization. There are fewer industries that guarantee a sense of fulfillment than the healthcare industry.
From the surgeon performing life-saving medical procedures to the receptionist that affords a smile to a patient that has just received a life-threatening diagnosis, healthcare provides an opportunity to provide care to those that need it most. It helps you make a difference.
Healthcare is universal. Developing countries beyond your geographical location are constantly looking for qualified medical practitioners. If you love traveling, you have a chance to make money and see the world as you provide medical care.
Whether you are an administrator or a surgeon, working in healthcare is so rewarding. There is something noble about helping people in their most challenging moments in their life. Healthcare enables you to help people overcome traumatic experiences with gentleness and utmost care.
Indeed, there are immeasurable benefits of working in the healthcare industry. From the positive career outlook, better perks, job satisfaction, and the vast growth opportunities, you can’t go wrong with a career in the healthcare industry.