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Labor Market Information, CDLE

Colorado’s Health Care Labor Market. Labor Market Information, CDLE. Alexandra Hall Chief Economist Colorado Dept. of Labor and Employment 303-318-8850. Agenda. Population/Demand Trends Health Care Industry Today Hospitals Ambulatory Health Care Services Nursing Care Facilities

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Labor Market Information, CDLE

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

  2. Agenda • Population/Demand Trends • Health Care Industry Today • Hospitals • Ambulatory Health Care Services • Nursing Care Facilities • Health Care Occupations Today • Future Outlook for Health Care Employment

  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, all ages Source: Colorado State Demographer’s Office

  5. Labor Market Information Colorado Department of Labor and Employment

  6. Colorado • The Health Care & Social Assistance industry makes up 10% of Colorado’s total employment • Of Health Care Employment • Hospitals makes up 31% (73,574 employees) • Ambulatory Health Care Services 37% (86,951) • Nursing Care Facilities 9% (21,565) Source: CDLE, Quarterly Census of Employment and Wages, 2007 annual data

  7. Colorado Health Care Employment Over Time Source: CDLE, Quarterly Census of Employment and Wages

  8. Labor Market Information Colorado Department of Labor and Employment ColoradoHealth CareLabor Market Colorado Wages -Health Care & Social AssistanceHandout

  9. Colorado Average Annual Wages Source: CDLE, Quarterly Census of Employment and Wages, 2007 annual data

  10. Labor Market Information Colorado Department of Labor and Employment ColoradoHealth CareLabor Market AmbulatoryHealth Care ServicesHandout

  11. Labor Market Information Colorado Department of Labor and Employment C olo ra d o H e a l t h C ar e La b o r M a r k e t Industry Workforce Characteristics

  12. Colorado Gender Distribution Ambulatory Health Care Services Hospitals Nursing Care Facilities All Industries Source: CDLE, Local Employment Dynamics, 2006-07

  13. Colorado Age Distribution Source: CDLE, Local Employment Dynamics, 2006-07

  14. Colorado Percentage of Workers Age 55+ Source: CDLE, Local Employment Dynamics, 2006-07

  15. Colorado Turnover Rates for Older Workers Source: CDLE, Local Employment Dynamics, 2006-07

  16. Labor Market Information Colorado Department of Labor and Employment

  17. Colorado Sample Occupations within Health Care • Registered Nurses • Nursing Aides, Orderlies & Attendants • Dentists • Pharmacists • Physicians & Surgeons • Family & General Practitioners Source: CDLE, Occupational Employment Statistics (OES), 2007

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

  19. Colorado Median Hourly Wages Source: CDLE, Occupational Employment Statistics (OES), 2007

  20. Labor Market Information Colorado Department of Labor and Employment

  21. Colorado Industry Projections 28.5% 29.5% 31.2% Source: CDLE, Long-term Projections, released 2008

  22. Colorado Source: CDLE, Long-term Projections

  23. Summary & Future Outlook • Demand for health care services is expected to increase with the aging of baby boomers • At the same time, health care’s workforce is getting older • Destination state – ability to recruit workers

  24. Labor Market Information Colorado Department of Labor and Employment

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