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Health Care is Now the Largest Employer in United States

Health Care is Now the Largest Employer in United States

We’ve heard for a long time that health-care is growing. The time was inevitable.

Due to the aging demographic of the country—and equally unstoppable growth in medical spending due to government expenditures and private investment—it was long obvious that health-care jobs would slowly take up more and more of the economy. But at the beginning of 2018, for the first time in history, health care surpassed manufacturing and retail to become the largest source of jobs in the U.S.

In 2000, there were 7 million more workers in manufacturing than in health care. At the beginning of the Great Recession, there were 2.4 million more workers in retail than health care. In 2017, health care surpassed both.

Med USA has planned for this inevitability with services and software solutions.

There are several drivers for the boom. The first is something that is obvious yet underrated: Americans, as a group, are getting older. By 2025, one-quarter of the workforce will be older than 55. That share will have doubled in just 30 years.  Second, the public subsidizing are increasing access and funds. Third, preventive care is increasing in popularity, giving rise to an increase in the number of urgent cares nationwide.

This isn’t the end of health care’s run. It’s just the beginning. Of the 10 jobs that the Bureau of Labor Statistics projects will see the fastest percent growth in the next decade, five are in health care and elderly assistance. The two fastest-growing occupations—personal-care aides (who perform non-medical duties for older Americans, such as bathing) and home-health aides, (who help the elderly with medical care)—are projected to account for one in every 10 new jobs in that time. The entire health-care sector is projected to account for a third of all new employment.

Are you ready for the growth? Schedule a complimentary consultation with the experts at Med USA today and discover how you can leverage 38 years of experience.