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The Nursing Labor Market

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This presentation provides in-depth information concerning the current and future trends of nursing with updated statistics about employment, education, occupational transitions and more. Colorful presentation, facts that pop and animation will keep your audience engaged.

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									The Nursing Labor Market:
   Demand, Supply, and Wages
         The Purpose of this Presentation
    To provide information concerning the current and future
       Nursing Labor Market: Supply, Demand and Wages

•   A Few Facts about Registered Nurses   •   The Surprising Facts about Demand
•   Current and Projected Trends in the   •   Nursing Shortage Does Not Currently
    Nursing Labor Market                      Guarantee Immediate Employment
•   Government Projections                •   The Job Market WILL Open Up
•   Job Market Today vs. Tomorrow         •   Labor Market Realities to Keep in Mind
•   Supply                                •   4 Factors that Affect RN Wages
•   Aren’t There Plenty of New Nurses?    •   Cumulative Wages of Nurses
•   Statistics Can Be Deceiving           •   RN Salaries Vary by Location
•   Comparing the Output of Nurses with   •   RN Earnings in Alabama
    Estimated Demand
A Few Facts about Registered Nurses

                         • Registered nurses
                           (RNs) constitute the
                           largest healthcare
                           occupation, with 2.6
                           million jobs.

                         • About 60 percent of
                           RN jobs are in
                           hospitals.


          Source: U.S. Bureau of Labor Statistics
 A Few Facts about Registered Nurses
The three typical educational paths to registered nursing
are:

                        • Bachelor's Degree
                        • Associate Degree,
                        • Diploma From An Approved Nursing Program

                        • Advanced Practice Nurses
                        • Clinical Nurse Specialists
                        • Nurse Anesthetists
                        • Nurse-midwives
                        • Nurse Practitioners

                        Require a Master’s Degree


                   Source: U.S. Bureau of Labor Statistics
Current and Projected Trends in
   the Nursing Labor Market
                                  Government Projections

     This table shows how many RNs were employed in 2008 compared to how
     many are projected to be in the workforce by 2018.


Projections data from the National Employment Matrix
                                                                                                                                             Change,
                                                                                                      Projected
                                                                                                                                             2008-18
                                               SOC                 Employment,                       Employment,
Occupational Title                             Code                   2008                              2018                        Number            Percent
Registered nurses                            29-1111                        2,618,700                          3,200,200            581,500                       22
  NOTE: Data in this table are rounded. See the discussion of the employment projections table in the Handbook introductory chapter on Occupational Information
Included in the Handbook.




                                                                 That’s quite a few nurses. But the change is not just
                                                                 in the amount, but in HOW they will be employed . . .


                                                       Source: U.S. Bureau of Labor Statistics
Job Market Today vs. Tomorrow
This pie chart shows what industries currently employ the most RNs.




                        Hospitals currently lead in employment but . . .



                   Source: U.S. Bureau of Labor Statistics
      Job Market Today vs. Tomorrow
THIS pie chart shows the future job markets for nurses. As you can see,
hospitals will have down-sized. This is because the focus will be on primary
care. Preventative care and home health care will increase.




                        The main idea will be to keep people out of hospitals. This
                        will create other employment opportunities for RNs.


                         Source: U.S. Bureau of Labor Statistics
The United States is projected to have a nursing shortage that is expected to
    intensify as baby boomers age and the need for health care grows.

                 So naturally, we must be concerned about
Let’s Start With
  Aren’t There Plenty of New Nurses?
This chart paints an optimistic picture of new RN growth with more than 140,000
students passing the RN exam in 2009. With increasing numbers like this, it
seems enough new nurses will enter the workforce.




                                However . . .
 Statistics Can Be Deceiving
Nursing school enrollment is not growing fast enough to meet the
projected demand for RNs. 66% of applicants are not accepted into
the programs.

           Disposition of Applications to Basic RN Programs, 2007-08




                   Not qualified
                       35%                         Accepted
                                                     39%




                                   Qualified not
                                    Accepted
                                      26%




                 Source: National League for Nursing
  Comparing the Output of Nurses with
         Estimated Demand

The table below shows that currently, more RNs are being prod
								
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