Labor Market Information, CDLE

Colorado’sHealth CareLabor Market

Alexandra HallChief EconomistColorado Dept. of Labor and Employment303-318-8850

Labor Market Information, CDLE

Labor Market Information

Colorado Department of Labor and Employment

Population/Demand Trends

Health Care Industry Today Hospitals Ambulatory Health Care Services Nursing Care Facilities

Health Care Occupations Today

Future Outlook for Health Care Employment

Agenda



Colorado Population by Age – 2000 and 2030

Source: Colorado State Demographer’s Office

2000

2030



Colorado’s population is getting older

In 2000, Colorado was ranked 6th highest in the U.S. in their percentage of Baby Boomers

Between 2000 and 2020, Colorado’s population 55-64 will grow 5.9% per year compared to: 3.9% for this age group in the U.S. 1.7% for Colorado, all ages

Colorado Trends

Source: Colorado State Demographer’s Office



ColoradoHealth CareLabor Market

Health CareIndustryToday





The Health Care & Social Assistance industry makes up 10% of Colorado’s total employment

Of Health Care Employment Hospitals makes up 31%

(73,574 employees) Ambulatory Health Care Services 37%

(86,951) Nursing Care Facilities 9% (21,565)

Source: CDLE, Quarterly Census of Employment and Wages, 2007 annual data

Colorado



Source: CDLE, Quarterly Census of Employment and Wages

Colorado Health Care Employment Over Time

50,000

60,000

70,000

80,000

90,000

2000 2001 2002 2003 2004 2005 2006 2007

Ambu

lato

ry &

Hos

pita

ls

17,000

18,000

19,000

20,000

21,000

22,000

Nurs

ing

Care

Fac

ilitie

s

Ambulatory Health Care Services Hospitals Nursing Care Facilities






Colorado Wages -Health Care & Social AssistanceHandout



Source: CDLE, Quarterly Census of Employment and Wages, 2007 annual data

Colorado

Average Annual Wages

$47,247$53,196

$29,492

$45,396

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

Hospitals Ambulatory Health CareServices

Nursing Care Facilities All Industries






AmbulatoryHealth Care ServicesHandout




IndustryWorkforceCharacteristics





Source: CDLE, Local Employment Dynamics, 2006-07

Colorado Gender Distribution

Male17%

Female83%

Male21%

Female79%

Male52%

Female48%

Hospitals

All IndustriesNursing Care Facilities

Male 22%

Female 78%

Ambulatory Health Care Services




Colorado Age Distribution

0%

10%

20%

30%

14-18 19-21 22-24 25-34 35-44 45-54 55-64 65-99

Hospitals Ambulatory Health Care ServicesNursing Care Facilities All Industries




Colorado

0

5

10

15

20

1996 2001 2006

Hospitals Ambulatory Health Care Services

Nursing Care Facilities All Industries

Percentage of Workers Age 55+




ColoradoTurnover Rates for Older Workers

4%

6%

8%

10%

12%

14%

All Ages 55-64 65+

Hospitals Ambulatory Health Care ServicesNursing Care Facilities All Industries




Health CareOccupationsToday





Sample Occupations within Health Care

Source: CDLE, Occupational Employment Statistics (OES), 2007

Registered Nurses

Nursing Aides, Orderlies & Attendants

Dentists

Pharmacists

Physicians & Surgeons

Family & General Practitioners

Colorado



Registered Nurse Staffing Patterns

Source: CDLE, Long-term Projections

Industry Title 2006 2016 Change

Average Annual % Change

Total Employment, All Jobs 36,753 50,057 13,304 3.1

Hospitals 21,518 29,569 8,051 3.2

Ambulatory Health Care Services 7,647 10,547 2,900 3.3

Nursing and Residential Care Facilities 2,160 2,865 705 2.9

Administrative and Support Services 1,507 2,329 822 4.5

Educational Services 793 1,005 212 2.4

Social Assistance 234 348 114 4.1

Colorado


Colorado Department of Labor and EmploymentColorado

Source: CDLE, Occupational Employment Statistics (OES), 2007

$30.45

$12.50

$49.79

$64.74

$10.00

$30.00

$50.00

$70.00

Registered Nurses Nursing Aides,Orderlies &Attendants

Pharmacists Family & GeneralPractitioners

Median Hourly Wages




Future OutlookforHealthCareEmployment





35,587

82,907

67,537 86,802

107,392

46,678

0 20,000 40,000 60,000 80,000 100,000 120,000

Nursing andResidential Care

Facilities

Ambulatory HealthCare Services

Hospitals

2006 Employment 2016 Employment

Source: CDLE, Long-term Projections, released 2008

Industry ProjectionsColorado

28.5%

29.5%

31.2%



Source: CDLE, Long-term Projections

Colorado

Occupation 2006 2016 Change

Average Annual % Change

Registered Nurses 36,753 50,057 13,304 3.1Nursing Aides, Orderlies & Attendants 16,486 21,206 4,720 2.5

Dentists 1,924 2,113 189 0.9

Pharmacists 3,998 5,339 1,341 2.9

Physicians & Surgeons 3,940 4,806 866 2.0Family & General Practitioners 2,053 2,368 315 1.4



• Demand for health care services is expected to increase with the aging of baby boomers

• At the same time, health care’s workforce is getting older

• Destination state – ability to recruit workers

Summary & Future Outlook



Questions

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Labor Market Information, CDLE

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