Healthcare is the job market’s latest bright spot

Healthcare is the job market’s latest bright spot

The most new U.S. job openings in May — 62,000 — came in healthcare

06.16.2025

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Healthcare is the job market’s latest bright spot
Healthcare is the job market’s latest bright spot

Americans are poised to live longer — with the most recent life expectancy sitting at 78.4 years — and people living longer brings a greater need for healthcare workers. The growing industry presents a timely opportunity for workers seeking ample openings and staying power.1

In May, healthcare held the top spot in new job openings across the U.S., adding 62,000 — even higher than its 12-month average. Growth came in a range of workplaces, including hospitals, ambulatory health care services, and skilled nursing care facilities.2

Those currently in healthcare roles may have also seen a compensation bump: The space was responsible for around a third of the total payroll gains from the start of the year into April.3

Healthcare’s industry outlook

The demand for healthcare workers is high compared to other sectors of the economy: Several healthcare positions rank among America’s 20 fastest-growing occupations, some of which do not require a traditional bachelor’s degree:4,5

Occupation

Projected growth rate, 2023-2033

2024 median annual pay

Nurse practitioners

46%

$129,210

Medical and health services managers

29%

$117,960

Physician assistants

28%

$133,260

Physical therapist assistants

25%

$65,510

Occupational therapy assistants

22%

$68,340

Home health and personal care aides

21%

$34,900

Source: U.S. Bureau of Labor Statistics, as of April 18, 2025.

Nursing school enrollment, in particular, has not grown fast enough to keep up with the demand in open roles. While entry-level nursing baccalaureate programs saw a 0.3% registration jump in 2023, shortages of faculty, budgets, and classroom and clinical space led to thousands of applications being turned away.6

The gap has spurred some universities to offer tuition-free nursing education (with specific program criteria) around the country, such as in IllinoisTexas, and West Virginia.7,8,9

In some cases, organizations are experimenting with new working models. A North Carolina school offers an “early college” program that prepares teens for healthcare jobs with work-based training along with traditional high-school curriculum.10 In Georgia, a healthcare apprenticeship program aims to solve staffing challenges by building a professional pipeline.11

Read more: Investing in Yourself: How mentorship can recharge careers and finances

Healthcare companies are also getting creative to retain their current staff and promote professional growth. One Virginia healthcare system allows nurses working there to have a guaranteed spot in a part-time, online program where they can earn a bachelor’s degree in nursing while still working full-time.12

Despite some roles still requiring shift work, the healthcare industry has been integrating more flexible arrangements to fill critical needs. Travel nurses take short-term assignments in domestic or international locations, combining an in-demand skillset with a desire to explore new places.13 The spread of telehealth has shifted psychologists to offer more hybrid and remote setups for their patients, and they’re likely to continue offering the options.14

Healthcare includes non-clinical roles

Jobs that don’t involve direct patient care or years of medical education are another hands-on way to get into the healthcare industry.

Those with administrative backgrounds could take on the tasks of a medical secretary, including preparing billing processes and managing schedules.15

Workers who enjoy making connections can find a sense of purpose as a patient advocate. These roles assist patients and their loved ones in managing provider referrals, navigating medical insurance, and tracking visits and forms. Openings for patient advocates can be at hospitals, private practices, or other care facilities like nursing homes.16

Read more: Healthcare now, savings later

The amount of U.S. content creators hit 1.5 million in 2024, and tech-savvy talent could see their skills align with healthcare companies aiming to connect with patients. Case in point: To get health-related content, Gen Z engages with social media almost as frequently as a healthcare provider.17

AI’s impact on healthcare

As artificial intelligence transforms industries across the U.S. economy — with some seeing staffing shifts and streamlining — healthcare occupations are still expected to grow.18

Current physicians see an upside for AI on behind-the-scenes work. More than half (54%) say it could help with documentation, such as in medical charts or visit notes. Over two in five (43%) think AI could create discharge instructions and notes around a patient’s progress.19

Healthcare involves some tasks that AI hasn’t been able to get a hand in yet. A job like sterilizing surgical instruments involves classes to learn specific skills, though no formal degree is required. Entry-level openings can bring around $50,000 and $70,000 in annual salary.20

Growing within healthcare

Paying to stay healthy is an essential line item in Americans’ budgets, and in May, people spent an average of $376 on healthcare, according to Empower Personal DashboardTM data.

Empower research found that 35% of people think success comes in the form of their physical well-being. Working in the healthcare world could bring together a sense of professional purpose while filling a need that’s essential to the economy.

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1 NBC News, “U.S. life expectancy rose significantly last year, hitting highest level since pandemic,” December 2024.

2 Healthcare Dive, “Healthcare job growth remained strong in May: BLS,” June 2025.

3 Barron’s, “College Grads Face a Tougher Job Market This Year. These Fields Are Hiring.” May 2025.

4 U.S. Bureau of Labor Statistics, “Fastest Growing Occupations,” accessed June 2025.

5 U.S. Bureau of Labor Statistics, “Healthcare Occupations,” accessed June 2025.

6 American Association for Colleges of Nursing, “Fact Sheet: Nursing Shortage,” accessed June 2025.

7 CarleHealth, “Methodist College supports future nurses with tuition-free education and path to employment,” February 2025.

8 Click2Houston, “UTHealth Houston offering tuition-free program for nursing students in Texas,” June 2025.

9 WBOY, “WVU Medicine’s tuition-free nursing diploma program accepting applications soon,” August 2024.

10 Atrium Health, “Atrium Health Partnership Continues Preparing High School Students for Health Care Careers,” January 2025.

11 Healthcare Innovation Group, “How an Innovative Apprenticeship Model Is Solving for Labor Shortages,” May 2025.

12 VCU Health, “VCU School of Nursing and VCU Health team up to launch guaranteed admission pathway for RN to B.S. program,” March 2025.

13 AMN Healthcare, “Travel Nurse Job Outlook: What to Expect in 2025 and Beyond,” February 2025.

14 American Psychological Association, “Telehealth and hybrid practice are here to stay,” September 2024.

15 Indeed, “What Does a Medical Secretary Do? (And How Much They Earn),” accessed June 2025.

16 Coursera, “What Is a Patient Advocate? (And What Do They Do),” December 2024.

17 McKinsey, “Meet Gen Z: Social media and digital tools are key in healthcare,” May 2025.

18 Fortune, “Healthcare jobs are practically recession-proof, says Indeed—here’s how to get in and make over $100K,” April 2025.

19 American Medical Association, “Big majority of doctors see upsides to using health care AI,” January 2024.

20 Wall Street Journal, “They Are Hot, Upwardly Mobile Jobs. Here’s Why They Are So Hard to Fill.” April 2025.

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The Currency editors

Staff contributors

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