By: Laura Summers
Health care is one of the nation’s strongest employment sectors. In recent months, however, national headlines pointing to a significant slowing of new jobs in recent months have the industry speculating whether the health care employment boom is coming to an end.[i] Data from the Bureau of Labor Statistics show declining rates of employment in both April and May 2019 that haven’t been seen since mid-2017.
So what does that mean for Utah? Data from the Kem C. Gardner Policy Institute’s April 2019 Economic Summary show that Education and Health Services account for 7.4 percent of Utah’s total gross domestic product and 13.5 percent of the state’s total employment. As a result, changes in both state and national-level health care employment have an impact on a large part of Utah’s working-age population.
Changes in Utah’s health sector employment generally mirror national trends. However, one key difference is a decline in Utah jobs following an early 2018 employment boom. Another difference is that preliminary April 2019 data show the potential for a corrective trend following a loss of jobs in March.