Healthcare Hourly Workers: Support & Issues
- New government reports underscore the vital role of healthcare employment in the United States.The Bureau of Labor Statistics (BLS) and the Congressional Budget Office (CBO) released data this...
- According too the BLS, healthcare led all industries in job growth for May, adding 62,000 positions out of a total of 139,000.
- Separately, the CBO reported that proposed House budget legislation could reduce health insurance coverage for up to 15 million people.
Healthcare Employment Is the Backbone of the U.S. Workforce
New government reports underscore the vital role of healthcare employment in the United States.The Bureau of Labor Statistics (BLS) and the Congressional Budget Office (CBO) released data
this week highlighting the sector’s importance.
According too the BLS, healthcare led all industries in job growth for May, adding 62,000 positions
out of a total of 139,000. The healthcare sector now comprises 11% of the nation’s civilian workforce,
totaling 17 million jobs.
Separately, the CBO reported that proposed House budget legislation could reduce health insurance coverage for
up to 15 million people. This reduction is attributed to work requirements for Medicaid and the elimination of
marketplace subsidies, primarily affecting individuals wiht household incomes below 200% of the federal poverty
level ($31,300 for individuals, $64,300 for a family of four).
What’s next
The BLS is expected to release its Consumer Price Index (CPI) report for May on Wednesday, which will provide
further insights into the economic landscape.