Healthcare jobs continued to grow during the month of April but contributed less to the overall job market than in previous months. These numbers come as the U.S. Bureau of Labor Services announced the four-year low unemployment rate of 7.5 percent.
Since 2012, the healthcare industry has provided an average of 24,000 jobs a month, according to data from the U.S. Bureau of Labor Statistics. However, growth in the sector has fallen in the past two months, adding only 19,000 new healthcare jobs in April and 23,000 in March. Both months show a significant decline from the 32,000 added in February.
The American Hospital Association predicts a decline of as many as 766,000 healthcare jobs by 2021 because of the federal budget sequester, which includes a 2 percent reduction in Medicare payments for services rendered on or after April 1.