Home health leads senior care sector in worker demandHome health leads senior care sector in worker demand, report finds “The home health workforce is projected to grow a whopping 46% by 2040, representing the largest increase in the senior care sector. That’s according to a new report released Wednesday by Argentum, a trade association representing senior living facilities.
“The baby boomers are aging and will put a strain on our nation’s ability to provide senior care, supports and service,” Argentum researchers wrote in the report. “And, while our senior population grows, the American workforce is not keeping pace. We are facing a significant worker shortage across the economy generally but within senior care, in particular.”
The report said employment in the home health industry will reach 2.2 million by 2040, adding approximately 692,000 new jobs to the 1.5 million home health workers in 2021. Argentum also estimated home health will need to fill an additional 4.3 million positions as workers exit the industry or move to other occupations over the next two decades.
The report said demand will be strongest for home health and personal care aides, with 3.4 million workers needed for those jobs by 2040. Nursing assistants and registered nurses will also be in high demand filling 330,200 and 310,200 positions, respectively. The states that will see the strongest demand for home health workers by the end of this decade include Texas (415,800), New York (391,000) and California (156,000).
The report reflects the changing demographics of an aging nation where 10,000 people are turning 65 each day. It also reflects the trend of seniors opting to age at home, rather than in a facility. Employment in senior living facilities is expected to grow just under 33% by 2040, while employment in skilled nursing is expected to decrease by 6.5%.” Source:
https://www.mcknightshomecare.com/home-health-leads-senior-care-sector-in-worker-demand-report-finds/
Report: Workforce Projections for Senior Care Sectors HOME HEALTHCARE WORKFORCE PROJECTIONS
“Total employment in the home health care industry is projected to reach 2,206,300 by 2040. The projected growth would represent an increase of 692,000 jobs—or 45.7%—from its 2021 employment level of 1,514,300. In addition to the 692,000 new home health care industry jobs that will be created by 2040, there will be an additional 4.4 million job openings that result when employees either exit the labor force or transfer to a different occupation. In total, the home health care industry will need to fill more than 5 million occupational openings between 2021 and 2040.”
(P. 5)
HOME HEALTH CARE INDUSTRY EMPLOYMENT TRENDS
“Prior to the coronavirus pandemic, the home health care industry was one of the strongest job creators the U.S. economy. Total employment in the home health care industry soared 140% between 2000 and 2019, an increase of more than 885,000 jobs. During this same period, total U.S. employment rose by only 14%.”
“Employment in the home health care sector declined during the early months of the coronavirus pandemic. Between February 2020 and April 2020, the home health care industry lost 109,500 jobs— or 7% of its employment base. Staffing levels rose in the months that followed, with total employment in the home health care industry surpassing the pre-pandemic peak in early 2022.”
(P. 23)
HOME HEALTH CARE WORKFORCE PROJECTIONS: 2021 TO 2030
“The Bureau of Labor Statistics expects home health care industry employment to rise steadily in the coming years. Total employment in the home health care industry is projected to reach 1,811,400 by 2030. The projected growth would represent an increase of 297,100 jobs—or 19.6%—from its 2021 employment level of 1,514,300.”
“In addition to the 297,100 new home health care industry jobs that will be created by 2030, there will be an additional 1.9 million job openings that result when employees either exit the labor force or transfer to a different occupation.”
“In total, the home health care industry will need to fill nearly 2.2 million occupational openings between 2021 and 2030.” (P. 24)
HOME HEALTH CARE WORKFORCE PROJECTIONS: 2021 TO 2040
“Total employment in the home health care industry is projected to reach 2,206,300 by 2040. The projected growth would represent an increase of 692,000 jobs—or 45.7%—from its 2021 employment level of 1,514,300.”
“In addition to the 692,000 new home health care industry jobs that will be created by 2040, there will be an additional 4.4 million job openings that result when employees either exit the labor force or transfer to a different occupation.”
“In total, the home health care industry will need to fill more than 5 million occupational openings between 2021 and 2040.” (P. 27)
Source:
https://www.argentum.org/wp-content/uploads/2023/03/2023-Workforce-Projections-Final.pdf