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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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Colorado’s Health Care Labor Market Labor Market Information, CDLE Alexandra HallChief 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 • Health Care Occupations Today • Future Outlook for Health Care Employment
Colorado Population by Age – 2000 and 2030 2030 2000 Source: Colorado State Demographer’s Office
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
Labor Market Information Colorado Department of Labor and Employment
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
Colorado Health Care Employment Over Time Source: CDLE, Quarterly Census of Employment and Wages
Labor Market Information Colorado Department of Labor and Employment ColoradoHealth CareLabor Market Colorado Wages -Health Care & Social AssistanceHandout
Colorado Average Annual Wages Source: CDLE, Quarterly Census of Employment and Wages, 2007 annual data
Labor Market Information Colorado Department of Labor and Employment ColoradoHealth CareLabor Market AmbulatoryHealth Care ServicesHandout
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
Colorado Gender Distribution Ambulatory Health Care Services Hospitals Nursing Care Facilities All Industries Source: CDLE, Local Employment Dynamics, 2006-07
Colorado Age Distribution Source: CDLE, Local Employment Dynamics, 2006-07
Colorado Percentage of Workers Age 55+ Source: CDLE, Local Employment Dynamics, 2006-07
Colorado Turnover Rates for Older Workers Source: CDLE, Local Employment Dynamics, 2006-07
Labor Market Information Colorado Department of Labor and Employment
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
Colorado Registered Nurse Staffing Patterns Source: CDLE, Long-term Projections
Colorado Median Hourly Wages Source: CDLE, Occupational Employment Statistics (OES), 2007
Labor Market Information Colorado Department of Labor and Employment
Colorado Industry Projections 28.5% 29.5% 31.2% Source: CDLE, Long-term Projections, released 2008
Colorado Source: CDLE, Long-term Projections
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
Labor Market Information Colorado Department of Labor and Employment