Specifics of the 2024 U.S. labor market remain to be seen. However, there have been some 2023 trends to note moving into next year, including higher labor force participation, wage gains and a strong healthcare industry.
Workforce
Doing less at work can, indeed, yield better health outcomes, according to a Dec. 4 article from Cleveland Clinic.
Healthcare/products companies and manufacturers, including hospitals, have announced the third-most job cuts year to date among 30 industries and sectors measured, according to new analysis shared with Becker's.
Michigan Gov. Gretchen Whitmer signed legislation Dec. 6 that would increase fines for assaults on healthcare workers.
U.S. job openings decreased to 8.7 million in October, the fewest since March 2021, led by healthcare and social assistance employers.
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Tommy Ibrahim, MD, who is stepping down as president and CEO of Cooperstown, N.Y.-based Bassett Healthcare Network by the year's end, spoke on Sanford Health's podcast about bolstering the future rural healthcare workforce.
The company culture and pay/promotion practices vary widely at the big four for-profit health systems, according to the most recent American Opportunity Index.
Experts estimate that the arrivals of least 10,000 foreign nurses have been postponed indefinitely by the United States' mismatched demand and supply of immigrant visas, Bloomberg reports.
Over the past decade, hospital jobs have grown in most major U.S. cities — but not all of them, according to a Dec. 1 analysis from Sechel Ventures.
Somerville, Mass.-based Mass General Brigham said it will reduce its digital workforce, which represents the technology arm of the organization.