Monday, August 31, 2015

Hospital hiring down

As U.S. cuts Medicare payments

Hospital hiring down

0 comments
(AP Photo)
(AP Photo)

A trend that would hit especially hard in Philadelphia, where "eds and meds" are among the biggest remaining employers: Healthcare hiring has been falling. Total U.S. healthcare employment fell by 6,000 in December, the first monthly drop in more than 10 years; the average monthly healthcare hiring gain for the full year slipped to 17,000, from 27,000 in 2012, writes John Silvia, chief economist for Wells Fargo Securities.

"The most sizable drag has come from hospitals," also doctors' offices, Silivia added, citing Bureau of Labor Statistics data. Also, recruiter Challenger, Gray & Christmas projections show "more cutbacks are on the horizon in the healthcare sector," after healthcare layoffs rose to 57,000 last year, from 36,000 a year earlier.

Americans are still getting older, so we'll need home health care providers and outpatient clinic workers -- but hospital hiring should stay weak this year, thanks to federal budget cuts and Medicare reimbursement reductions, Silvia concludes. 

0 comments
We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue.
Help us moderate this thread by flagging comments that violate our guidelines.

Comment policy:

Philly.com comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by Philly.com staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Read 0 comments
 
comments powered by Disqus
About this blog

PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
Also on Philly.com:
letter icon Newsletter