Monday, August 31, 2015

Hospital hiring down

As U.S. cuts Medicare payments

Hospital hiring down

(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. 

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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,, 215.854.5194 or 302.652.2004.

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