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Quarterly Change in Total Compensation per Employee in Virginia’s Health Care & Social Assistance Sector

HWDC Releases December 2024 Health Workforce Brief Series 3: Income & Compensation

The Department of Health Professions' Healthcare Workforce Data Center has released the December 2024 issue of its Virginia Health Care Workforce Brief Series 3: Income & Compensation.

According to preliminary estimates, total earnings in Virginia’s Health Care & Social Assistance (HC&SA) sector increased by $744 million to $45.0 billion in Q3 2024, a gain that translates into a 6.9% annualized growth rate. This growth rate exceeds the comparable 6.7% average growth rate for total earnings in the national HC&SA sector as a whole during the quarter. This quarter’s growth in Virginia’s total HC&SA earnings was driven by particularly strong gains in HC&SA proprietor’s income, which grew at a 10.0% annualized rate in Q3 2024. At the same time, HC&SA employee benefits and HC&SA employee salaries & wages grew by 8.3% and 6.3%, respectively, on an annualized basis. Meanwhile, long-term earnings growth in Virginia’s HC&SA sector also exceeds the overall national average: While total earnings in the national HC&SA sector have increased by 7.7% over the past four quarters, Virginia’s HC&SA sector has seen total earnings grow by 8.0% over the same time period.

In Q3 2024, total employee compensation in Virginia’s HC&SA sector increased by $660 million to $41.4 billion, a gain that represents a three-month annualized growth rate of 6.6%. Thanks to this growth, total compensation per employee in Virginia’s HC&SA sector increased by $548 during the quarter. With this gain, the Healthcare Workforce Data Center now estimates that employees in Virginia’s HC&SA sector earn an average of $82,387 per year. This quarter’s increase in Virginia’s total HC&SA compensation per employee translates into a 2.7% annualized growth rate. Total statewide HC&SA compensation per employee has grown at an even faster rate over the long term. Over the past 12 months, total compensation per employee in Virginia’s HC&SA sector has increased by a total of $3,355. This increase represents a four-quarter growth rate of 4.2%. Over the same time period, total compensation per employee in the national HC&SA sector has grown by 3.2%.

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.

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Annual Change in HC&SA Regional Employment (Not Seasonally Adjusted, Full-Year Change for 2019-2023, Year-to-Date Change in 2024)

HWDC Releases December 2024 Health Workforce Brief Series 2: Regional and Sectoral Employment

The Department of Health Professions' Healthcare Workforce Data Center has released the December 2024 issue of its Virginia Health Care Workforce Brief Series 2: Regional and Sectoral Employment. Data in this Brief is not seasonally adjusted.

According to preliminary estimates, every region in Virginia enjoyed positive Health Care & Social Assistance (HC&SA) employment growth in November. This job growth was particularly impressive in Northern Virginia and Richmond. Northern Virginia’s HC&SA sector created 1,800 new jobs in November, a gain that represents a one-month annualized employment growth rate of 14.2%. At the same time, Richmond produced 1,100 new HC&SA jobs in November, which translates into an even faster 14.4% annualized employment growth rate. With this gain, Richmond’s HC&SA sector has now created a total of 5,400 jobs over the past three months. This increase in Richmond’s HC&SA employment represents an impressive three-month annualized growth rate of 25.3%. Richmond is also enjoying strong long-term HC&SA employment growth as well: Over the past 12 months, Richmond’s HC&SA sector has increased employment by 8.5%. Meanwhile, Hampton Roads’ HC&SA sector produced 700 new jobs in November, and the Rest of Virginia increased HC&SA employment by 300 during the month.

Virginia also enjoyed broad-based employment growth across all four HC&SA subsectors in November. This job growth was strongest in Ambulatory Health Care Services, which was responsible for two thirds of Virginia’s total statewide HC&SA employment gain during the month. In November, Ambulatory Health Care Services created 2,700 new jobs, a gain that represents a one-month annualized employment growth rate of 15.7%. With this gain, Ambulatory Health Care Services have now increased employment by a total of 6,300 so far this year. Nursing & Residential Care Facilities also enjoyed double-digit employment growth during the month: In November, this HC&SA subsector produced 700 new jobs across the state, which translates into an 11.2% annualized employment growth rate. Meanwhile, Hospitals enjoyed their tenth consecutive month of positive employment growth after this HC&SA subsector created 400 new jobs in November, which represents a one-month annualized growth rate of 4.2%. Finally, Social Assistance experienced a small employment gain in November with the creation of 100 new jobs during the month.

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.

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Monthly Change in Employment in Virginia’s Health Care & Social Assistance Sector, Seasonally Adjusted

HWDC Releases December 2024 Health Workforce Brief Series 1: State and National Employment

The Department of Health Professions' Healthcare Workforce Data Center has released the December 2024 issue of its Virginia Health Care Workforce Brief Series 1: State and National Employment.

According to preliminary estimates, Virginia’s Health Care & Social Assistance (HC&SA) sector increased employment for the seventh time in the past eight months after creating 2,700 new jobs in November, a gain that represents a one-month annualized employment growth rate of 6.6%. In fact, November’s job gain also represents the second-largest monthly employment increase in Virginia’s HC&SA sector so far this year. Thanks to this impressive job gain, employment in Virginia’s HC&SA sector grew at a rate that was well above the overall national average in November. In fact, Virginia’s HC&SA sector was responsible for 3.7% of the 72,300 HC&SA jobs that were created across the country during the month. This job gain in the national HC&SA sector represents a one-month annualized employment growth rate of 3.9%. So far this year, Virginia’s HC&SA sector has created a total of 14,500 jobs, and this year-to-date employment gain represents 1.8% of the 818,900 HC&SA jobs produced nationwide in 2024.

Virginia’s HC&SA sector was responsible for just over half of the 5,300 jobs that were created across the state in November. This increase in Virginia’s total nonfarm payroll employment represents a one-month annualized growth rate of 1.5%. With this gain, Virginia’s overall economy has now increased employment in each of the past four months. In addition, this gain also represents the largest monthly increase to the state’s total nonfarm payroll employment since June. In total, Virginia’s overall economy has now produced a total of 68,800 jobs so far this year. Thanks in part to the solid growth in the state’s total nonfarm payroll employment in November, the overall national economy enjoyed significantly stronger job growth during the month. After having increased employment by a relatively modest 36,000 in October, the overall national economy created 227,000 new jobs across the country in November. This month’s increase in national total nonfarm payroll employment translates into a 1.7% annualized growth rate.

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.

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Annual Change in HC&SA Subsector Employment (Not Seasonally Adjusted, Full-Year Change for 2019-2023, Year-to-Date Change in 2024)

HWDC Releases November 2024 Health Workforce Brief Series 2: Regional and Sectoral Employment

The Department of Health Professions' Healthcare Workforce Data Center has released the November 2024 issue of its Virginia Health Care Workforce Brief Series 2: Regional and Sectoral Employment. Data in this Brief is not seasonally adjusted.

According to preliminary estimates, both Northern Virginia and the Rest of Virginia enjoyed double-digit Health Care & Social Assistance (HC&SA) employment growth in October. Among Virginia’s four regions, Northern Virginia produced the largest HC&SA employment gain during the month. In October, Northern Virginia’s HC&SA sector created 1,400 new jobs, a gain that represents a one-month annualized employment growth rate of 10.9%. At the same time, the Rest of Virginia added 1,300 new HC&SA jobs to the state’s economy, which translates into an even faster 11.4% annualized employment growth rate. The Rest of Virginia has also enjoyed the fastest long-term job growth in the state thanks to its current 12-month employment growth rate of 4.4%. In fact, the Rest of Virginia has been responsible for nearly 40% of all HC&SA jobs that have been created across the state over the past 12 months. Hampton Roads also enjoyed solid HC&SA employment growth in October with the creation of 500 new jobs during the month, which translates into a 6.0% annualized employment growth rate. However, Richmond’s HC&SA sector saw employment fall by 200 during the month.

Ambulatory Health Care Services created 4,000 new jobs across the state in October, a gain that represents an impressive one-month annualized employment growth rate of 24.6%. Furthermore, this also represents the largest monthly employment gain in Ambulatory Health Care Services in more than four years. Meanwhile, Hospitals enjoyed their ninth consecutive month of positive employment growth after producing 300 new jobs in October. This job gain translates into a 3.1% annualized employment growth rate. At the same time, Social Assistance added 200 new jobs in October, which represents a one-month annualized employment growth rate of 2.7%. Social Assistance and Hospitals are currently the two HC&SA subsectors in the state that are enjoying long-term employment growth that exceeds the overall statewide HC&SA average. Over the past 12 months, Social Assistance has increased employment by 8.0%, while Hospitals have created jobs at a 4.3% rate. As for Nursing & Residential Care Facilities, this HC&SA subsector experienced its first decline in employment since April after losing 1,500 jobs in October. Despite this decline in employment, Nursing & Residential Care Facilities have still created a total of 1,200 jobs so far this year.

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.

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Monthly Change in Employment in Virginia’s Health Care & Social Assistance Sector, Seasonally Adjusted

HWDC Releases November 2024 Health Workforce Brief Series 1: State and National Employment

The Department of Health Professions' Healthcare Workforce Data Center has released the November 2024 issue of its Virginia Health Care Workforce Brief Series 1: State and National Employment.

According to preliminary estimates, Virginia’s Health Care & Social Assistance (HC&SA) sector created 300 new jobs in October, a gain that represents a one-month annualized employment growth rate of 0.7%. With this gain, employment in Virginia’s HC&SA sector has now increased in six out of the past seven months. In total, Virginia’s HC&SA sector has produced 10,900 jobs across the state so far this year. This year-to-date employment gain represents 1.5% of all HC&SA jobs created across the country and nearly 20% of all jobs created in the state of Virginia in 2024. Meanwhile, the national HC&SA sector produced its smallest monthly employment gain in more than two-and-a-half years after adding 51,300 new jobs in October, which translates into a 2.7% annualized employment growth rate. Despite this somewhat slower job growth in October, the national HC&SA sector continues to enjoyed strong long-term employment growth: Over the past 12 months, national HC&SA employment has increased by 4.2%.

Despite the positive job growth in Virginia’s HC&SA sector in October, the state’s overall economy still experienced a small decline in employment during the month. In total, Virginia’s total nonfarm payroll employment fell by 3,000 in October, a decline that represents a one-month annualized employment growth rate of -0.8%. Regardless, long-term employment growth in Virginia’s overall economy remains solid. Over the past 12 months, Virginia’s overall economy has increased employment by 1.6%. This growth rate exceeds the comparable 1.4% growth rate for the overall national economy as a whole. The overall national economy produced its smallest employment gain in nearly four years after creating 12,000 new jobs across the country in October. This increase in national total nonfarm payroll employment represents a one-month annualized growth rate of 0.1%. Although nationwide employment growth has slowed in recent months, the overall national economy has still produced a total of 1.7 million jobs so far this year. 

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.

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Annual Change in HC&SA Regional Employment (Not Seasonally Adjusted, Full-Year Change for 2019-2023, Year-to-Date Change in 2024)

HWDC Releases October 2024 Health Workforce Brief Series 2: Regional and Sectoral Employment

The Department of Health Professions' Healthcare Workforce Data Center has released the October 2024 issue of its Virginia Health Care Workforce Brief Series 2: Regional and Sectoral Employment. Data in this Brief is not seasonally adjusted.

According to preliminary estimates, two of Virginia’s four regions enjoyed positive Health Care & Social Assistance (HC&SA) employment growth in September. This employment growth was strongest in the Rest of Virginia, which produced 600 new HC&SA jobs in September, a gain that represents a one-month annualized growth rate of 5.1%. At the same time, Richmond’s HC&SA sector added 200 new jobs to the state’s economy during the month. This increase in Richmond’s HC&SA employment represents a one-month annualized growth rate of 2.6%. Richmond enjoyed the largest HC&SA employment gain in the state in Q3 2024, producing a total of 800 HC&SA jobs over the past three months, which translates into a 3.5% annualized growth rate. The Rest of Virginia and Richmond are also enjoying the fastest long-term HC&SA job growth in the state as demonstrated by their current 12-month HC&SA employment growth rates of 4.0% and 3.7%, respectively. As for Virginia’s two other regions, Northern Virginia lost 1,700 HC&SA jobs in September, while Hampton Roads’ HC&SA sector experienced no employment change during the month.

Three of Virginia’s four HC&SA subsectors enjoyed positive employment growth in September. In fact, both Social Assistance and Nursing & Residential Care Facilities produced double-digit employment growth rates during the month. Social Assistance created 1,100 jobs in September, a gain that represents a one-month annualized employment growth rate of 16.1%. In addition, Social Assistance also has the fastest long-term job growth in the state thanks to its current 12-month employment growth rate of 9.6%. Meanwhile, Nursing & Residential Care Facilities produced 800 new jobs across the state in September, which translates into a 12.9% annualized employment growth rate. In Q3 2024, Nursing & Residential Care Facilities created a total of 1,600 jobs, a three-month gain that translates into an 8.5% annualized employment growth rate. As for Hospitals, this HC&SA subsector enjoyed its eighth consecutive month of positive employment growth after creating 500 new jobs in September, which translates into a 5.3% annualized growth rate. On the other hand, employment in Ambulatory Health Care Services fell by 3,300 during the month.

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.

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Monthly Change in Employment in Virginia’s Health Care & Social Assistance Sector, Seasonally Adjusted

HWDC Releases October 2024 Health Workforce Brief Series 1: State and National Employment

The Department of Health Professions' Healthcare Workforce Data Center has released the October 2024 issue of its Virginia Health Care Workforce Brief Series 1: State and National Employment.

According to preliminary estimates, Virginia’s Health Care & Social Assistance (HC&SA) sector experienced its first decline in employment since March after losing 300 jobs in September. This decline in Virginia’s HC&SA employment represents a one-month annualized growth rate of -0.7%. Despite this month’s job loss, Virginia’s HC&SA sector still produced a total of 1,000 jobs in Q3 2024, which translates into a 0.8% annualized employment growth rate. So far this year, employment in Virginia’s HC&SA sector has increased by 11,000. Meanwhile, the national HC&SA sector enjoyed its largest monthly employment gain since May after creating 71,700 new jobs in September, which represents a one-month annualized growth rate of 3.9%. With this gain, the national HC&SA sector has produced a total of 189,300 jobs across the country in Q3 2024. This three-month employment gain translates into a 3.4% annualized growth rate. Over the past 12 months, the national HC&SA sector has increased employment by an even faster 4.3%.

Although Virginia’s HC&SA sector experienced a small decline in employment in September, the state’s overall economy still enjoyed its largest employment gain since June after creating 2,100 new jobs during the month. This increase in Virginia’s total nonfarm payroll employment represents a one-month annualized growth rate of 0.6%. Although Virginia’s overall economy lost 500 jobs in Q3 2024, the state’s total nonfarm payroll employment has still grown by 59,600 so far this year. Meanwhile, the overall national economy produced 254,000 new jobs across the country in September, a gain that represents a one-month annualized employment growth rate of 1.9%. In addition, this gain also represents the first time since May in which national total nonfarm payroll employment has increased by more than 200,000. With this month’s gain, the overall national economy created a total of 557,000 jobs in Q3 2024. So far this year, national total nonfarm payroll employment has increased by 1.8 million.

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.

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Quarterly Change in Total Earnings in Virginia’s Health Care & Social Assistance Sector

HWDC Releases September 2024 Health Workforce Brief Series 3: Income & Compensation

The Department of Health Professions' Healthcare Workforce Data Center has released the September 2024 issue of its Virginia Health Care Workforce Brief Series 3: Income & Compensation.

According to preliminary estimates, total earnings in Virginia’s Health Care & Social Assistance (HC&SA) sector increased by $749 million to $44.3 billion in Q2 2024. This increase in Virginia’s total HC&SA earnings represents a one-month annualized growth rate of 7.1%. With this gain, total earnings in the state’s HC&SA sector have increased by $1.8 billion so far in 2024, which translates into an even higher 8.6% annualized growth rate. During the first half of 2024, both forms of employee compensation in Virgina’s HC&SA sector have grown at a faster rate than the state’s HC&SA proprietor’s income. HC&SA employee salaries & wages have grown at an 8.8% annualized rate so far in 2024, while HC&SA employee benefits have increased by 8.7% on an annualized basis over the same time period. Meanwhile, HC&SA proprietor’s income currently has a six-month annualized growth rate of 6.7%.

In Q2 2024, total employee compensation in Virginia’s HC&SA sector increased by $674 million to $40.8 billion. This increase in the state’s total HC&SA employee compensation represents a three-month annualized growth rate of 6.9%. This quarter’s gain led to an increase of $289 in total compensation per employee in Virginia’s HC&SA sector. With this gain, the Healthcare Workforce Data Center now estimates that employees in Virginia’s HC&SA sector earn an average of $81,855 per year. So far this year, total compensation per employee in Virginia’s HC&SA sector has increased by $2,197. This six-month increase in the state’s total HC&SA compensation per employee translates into a 5.6% annualized growth rate. Over the past 12 months, total compensation per employee in Virginia’s HC&SA sector has grown by 4.6%. This growth rate exceeds the comparable 3.5% average for the national HC&SA sector as a whole.

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.

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Annual Change in HC&SA Subsector Employment (Not Seasonally Adjusted, Full-Year Change for 2019-2023, Year-to-Date Change in 2024)

HWDC Releases September 2024 Health Workforce Brief Series 2: Regional and Sectoral Employment

The Department of Health Professions' Healthcare Workforce Data Center has released the September 2024 issue of its Virginia Health Care Workforce Brief Series 2: Regional and Sectoral Employment. Data in this Brief is not seasonally adjusted.

According to preliminary estimates, Northern Virginia was the only region in the state that increased Health Care & Social Assistance (HC&SA) employment during the month. In fact, Northern Virginia’s HC&SA sector enjoyed its fifth consecutive month of positive employment growth after creating 500 new jobs in August, a gain that represents a one-month annualized employment growth rate of 3.8%. In total, Northern Virginia’s HC&SA sector has produced a total of 3,600 jobs so far this year. Only the Rest of Virginia has increased HC&SA employment by a larger amount in 2024. Although the Rest of Virginia lost 900 HC&SA jobs in August, this region has still increased HC&SA employment by 3,800 so far this year. Meanwhile, Hampton Roads’ HC&SA sector lost 700 jobs in August, and Richmond saw HC&SA employment decline by 300 during the month. Regardless, these two regions have combined to create a total of 2,600 HC&SA jobs so far in 2024.

Nursing & Residential Care Facilities enjoyed their fourth consecutive month of positive employment growth after creating 600 new jobs in August, a gain that represents an impressive one-month annualized employment growth rate of 9.6%. With this gain, Nursing & Residential Care Facilities have produced a total of 1,300 jobs across the state over the past three months, which translates into a 6.9% annualized employment growth rate. This represents the highest three-month annualized employment growth rate in Virginia among the state’s four HC&SA subsectors. While Social Assistance lost 600 jobs in August, this HC&SA subsector still has the highest 12-month employment growth rate in the state at 8.9%. Meanwhile, Hospitals experienced their first month of negative employment growth since January after losing 400 jobs in August. Even with this loss, Hospitals have still increased employment by 2,400 so far this year. Finally, Ambulatory Health Care Services lost 1,000 jobs during the month.

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.

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Monthly Change in Employment in Virginia’s Health Care & Social Assistance Sector, Seasonally Adjusted

HWDC Releases September 2024 Health Workforce Brief Series 1: State and National Employment

The Department of Health Professions' Healthcare Workforce Data Center has released the September 2024 issue of its Virginia Health Care Workforce Brief Series 1: State and National Employment.

According to preliminary estimates, Virginia’s Health Care & Social Assistance (HC&SA) sector experienced its first decline in employment since March after losing 300 jobs across the state in August, a decline that represents a one-month annualized employment growth rate of -0.7%.  Despite this month’s decline in employment, Virginia’s HC&SA sector has still produced a total of 3,300 jobs over the past three months, which translates into a 2.7% annualized employment growth rate. Over the past 12 months, employment in Virginia’s HC&SA sector has grown at an even faster 3.4% rate. Meanwhile, the national HC&SA sector produced its smallest monthly employment gain in more than two-and-a-half years after creating 44,100 new jobs across the country in August. This increase in national HC&SA employment represents a one-month annualized growth rate of 2.4%. So far this year, the national HC&SA sector has produced a total of 584,900 jobs.

For the first time since 2020, Virginia’s overall economy experienced two consecutive months of job losses. After falling by 4,500 in July, Virginia’s total nonfarm payroll employment fell by an additional 5,800 in August, a loss that represents a one-month annualized employment growth rate of -1.6%. Regardless, Virginia’s overall economy has still produced a total of 49,800 jobs so far this year. Furthermore, the state’s total nonfarm payroll employment has increased by 1.5% over the past 12 months, which is equivalent to the comparable growth rate for the national economy as a whole. The overall national economy enjoyed its largest employment gain in the past three months after creating 142,000 new jobs in August, a gain that represents a one-month annualized employment growth rate of 1.1%. Over the past 12 months, the overall national economy has produced more than 2.3 million jobs across the country, and the national HC&SA sector has been responsible for 39% of this growth.

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.

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Annual Change in HC&SA Regional Employment (Not Seasonally Adjusted, Full-Year Change for 2019-2023, Year-to-Date Change in 2024)

HWDC Releases August 2024 Health Workforce Brief Series 2: Regional and Sectoral Employment

The Department of Health Professions' Healthcare Workforce Data Center has released the August 2024 issue of its Virginia Health Care Workforce Brief Series 2: Regional and Sectoral Employment. Data in this Brief is not seasonally adjusted.

According to preliminary estimates, Virginia’s Health Care & Social Assistance (HC&SA) sector enjoyed broad-based employment growth across every region in the state in July. This employment growth was strongest in the Rest of Virginia, which created 1,100 new HC&SA jobs during the month. This increase in the Rest of Virginia’s HC&SA employment represents an impressive one-month annualized growth rate of 9.6%. With this gain, the Rest of Virginia has increased employment by 5,000 so far this year. This year-to-date employment gain represents nearly half of all HC&SA jobs created across the state so far in 2024. Meanwhile, Richmond’s HC&SA sector produced 600 new jobs during the month, a gain that translates into an 8.1% annualized employment growth rate. Hampton Roads also increased HC&SA employment by 600 in July, which represents a one-month annualized growth rate of 7.3%. As for Northern Virginia, its HC&SA sector added 300 new jobs during the month. This gain translates into a one-month annualized employment growth rate of 2.2%.

For the second time in the past three months, all four of Virginia’s HC&SA subsectors enjoyed positive employment growth. Ambulatory Health Care Services experienced the strongest employment growth in July thanks to the creation of 1,500 new jobs across the state during the month. This employment increase in Ambulatory Health Care Services represents a one-month annualized employment growth rate of 8.6%. At the same time, Nursing & Residential Care Facilities produced 500 new jobs, which translates into an 8.0% annualized employment growth rate. Meanwhile, Hospitals created 400 new jobs in July, and Social Assistance increased employment by 200 during the month. Although Hospitals and Social Assistance experienced relatively modest employment growth in July, these two HC&SA subsectors are also currently enjoying the fastest long-term job growth in the state. Over the past year, Social Assistance has increased employment by 9.0%, while Hospitals have created jobs at a 4.7% rate.

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.

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Monthly Change in Employment in Virginia’s Health Care & Social Assistance Sector, Seasonally Adjusted

HWDC Releases August 2024 Health Workforce Brief Series 1: State and National Employment

The Department of Health Professions' Healthcare Workforce Data Center has released the August 2024 issue of its Virginia Health Care Workforce Brief Series 1: State and National Employment.

According to preliminary estimates, Virginia’s Health Care & Social Assistance (HC&SA) sector enjoyed its fourth consecutive month of positive employment growth after creating 1,300 new jobs in July, a gain that represents a one-month annualized growth rate of 3.2%. With this gain, Virginia’s HC&SA sector has produced a total of 5,100 jobs across the state over the past three months, which translates into an even stronger 4.2% annualized employment growth rate. This three-month annualized employment growth rate exceeds the comparable 3.9% average for the national HC&SA sector as a whole. In July, the national HC&SA sector created 64,000 new jobs, which translates into a one-month annualized employment growth rate of 3.5%. Long-term employment growth in the national HC&SA sector has been even more impressive. Over the past 12 months, employment in the national HC&SA sector has increased by a total of 984,800. This increase in national HC&SA employment translates into a 4.6% growth rate.

Virginia’s HC&SA sector was responsible for more than one-quarter of all statewide employment growth in July as Virginia’s overall economy created 4,800 new jobs across the state during the month, a gain that translates into a one-month annualized growth rate of 1.4%. Virginia’s overall economy produced 4% of the 114,000 jobs that were created across the country in July. This increase in national total nonfarm payroll employment represents a one-month annualized growth rate of 0.9%. Virginia’s overall economy has also enjoyed above-average employment growth over the long term as well. Virginia’s total nonfarm payroll employment has grown by 84,400 over the past 12 months, an increase that translates into a 2.0% growth rate. Over the same time period, the overall national economy has produced a total of 2.5 million jobs across the country. This gain represents a 12-month employment growth rate of 1.6%.

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.

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Annual Change in HC&SA Subsector Employment (Not Seasonally Adjusted, Full-Year Change for 2019-2023, Year-to-Date Change in 2024)

HWDC Releases July 2024 Health Workforce Brief Series 2: Regional and Sectoral Employment

The Department of Health Professions' Healthcare Workforce Data Center has released the July 2024 issue of its Virginia Health Care Workforce Brief Series 2: Regional and Sectoral Employment. Data in this Brief is not seasonally adjusted.

According to preliminary estimates, the Rest of Virginia increased Health Care & Social Assistance (HC&SA) employment by 1,200 in June, a gain that represents a one-month annualized growth rate of 10.6%. The Rest of Virginia’s HC&SA sector enjoyed even stronger employment growth over the past three months. In Q2 2024, the Rest of Virginia created a total of 3,800 HC&SA jobs, which translates into a 11.3% annualized employment growth rate. Northern Virginia’s HC&SA sector has also experienced strong job growth in recent months. In June, Northern Virginia produced 600 new HC&SA jobs, which represents a one-month annualized employment growth rate of 4.6%. With this gain, HC&SA employment in Northern Virginia increased by a total of 2,800 in Q2 2024. This three-month job gain translates into a 7.2% annualized employment growth rate. Meanwhile, Richmond and Hampton Roads each increased HC&SA employment by 200 in June. These job gains represent one-month annualized employment growth rates of 2.6% and 2.4%, respectively.

Hospitals enjoyed their fifth consecutive month of positive employment growth in June after creating 1,300 new HC&SA jobs during the month. This job gain represents a one-month annualized employment growth rate of 14.4%. Furthermore, this increase also represents the largest monthly employment gain in Virginia’s Hospitals in the past two decades. Meanwhile, Nursing & Residential Care Facilities experienced even faster employment growth during the month. In June, Nursing & Residential Care Facilities produced 900 new jobs across the state, a gain that translates into a 14.9% annualized employment growth rate. At the same time, Social Assistance added 500 new jobs to the state’s economy in June, which translates into a 7.1% annualized employment growth rate. With this gain, Social Assistance created a total of 4,300 jobs in Q2 2024, which represents an impressive three-month annualized employment growth rate of 22.3%. As for Ambulatory Health Care Services, this HC&SA subsector lost 500 jobs in June.

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.

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Monthly Change in Employment in Virginia’s Health Care & Social Assistance Sector, Seasonally Adjusted

HWDC Releases July 2024 Health Workforce Brief Series 1: State and National Employment

The Department of Health Professions' Healthcare Workforce Data Center has released the July 2024 issue of its Virginia Health Care Workforce Brief Series 1: State and National Employment.

According to preliminary estimates, Virginia’s Health Care & Social Assistance (HC&SA) sector created 2,100 new jobs in June, a gain that represents a one-month annualized employment growth rate of 5.2%. Virginia’s HC&SA sector has enjoyed even stronger employment growth over the past three months. In Q2 2024, HC&SA employment in the state increased by a total of 6,400. This three-month job gain translates into a 5.3% annualized employment growth rate. In fact, this also represents the largest quarterly employment gain in Virginia’s HC&SA sector since Q1 2023. In both June and over the past three months, Virginia has enjoyed HC&SA employment growth that has exceeded the overall national average. In June, the national HC&SA sector created 82,400 new jobs across the country, a gain that represents a one-month annualized employment growth rate of 4.5%. With this gain, the national HC&SA sector has produced a total of 263,700 jobs in Q2 2024, which translates into a 4.8% annualized growth rate.

Virginia’s HC&SA sector was responsible for 14% of the 15,000 total jobs that were produced across the state in June. This increase in Virginia’s total nonfarm payroll employment represents a one-month annualized growth rate of 4.3%. This month’s job gain culminates an impressive quarter of employment growth for Virginia’s overall economy. In Q2 2024, Virginia’s total nonfarm payroll employment increased by a total of 30,900. This three-month employment gain translates into a 3.0% annualized growth rate. Both Virginia’s one- and three-month annualized employment growth rates well exceed the comparable growth rates for the overall national economy. In June, the overall national economy created 206,000 new jobs across the country. This increase in national total nonfarm payroll employment represents a one-month annualized employment growth rate of 1.6%. In Q2 2024, the overall national economy produced a total of 532,000 jobs, which translates into a 1.4% annualized employment growth rate.

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.

[vahwdc]

Quarterly Change in Total Compensation per Employee in Virginia’s Health Care & Social Assistance Sector

HWDC Releases June 2024 Health Workforce Brief Series 3: Income & Compensation

The Department of Health Professions' Healthcare Workforce Data Center has released the June 2024 issue of its Virginia Health Care Workforce Brief Series 3: Income & Compensation.

According to preliminary estimates, total earnings in Virginia’s Health Care & Social Assistance (HC&SA) sector increased by $613 million to $43.0 billion in Q1 2024, a gain that represents a three-month annualized growth rate of 5.9%. This gain also represents the eleventh consecutive quarter in which total earnings in Virginia’s HC&SA sector have increased. HC&SA employee compensation was the primary driver of this quarter’s growth in the state’s total HC&SA earnings: HC&SA employee benefits grew at a 6.2% annualized rate in Q1 2024, while HC&SA employee salaries & wages increased by 6.0% on an annualized basis during the quarter. At the same time, HC&SA proprietor’s income increased at a 4.7% annualized rate in Q1 2024. With this quarter’s gain, Virginia’s HC&SA sector has seen total earnings increase by $2.4 billion over the past year. This four-quarter increase in the state’s total HC&SA earnings translates into a 6.0% growth rate.

In Q1 2024, total employee compensation in Virginia’s HC&SA sector increased by $575 million to $39.7 billion, a gain that represents a three-month annualized growth rate of 5.8%. This gain led to an increase of $1,019 in the state’s total HC&SA compensation per employee. This represents the largest quarterly gain in Virginia’s total HC&SA compensation per employee in one year. With this increase, the Healthcare Workforce Data Center now estimates that employees in Virginia’s HC&SA sector earn an average of 80,722 per year. In Q1 2024, total compensation per employee in Virginia’s HC&SA sector grew at a 5.2% annualized rate. This growth rate is slightly higher than the comparable 5.1% growth rate for the national HC&SA sector as a whole. With this quarter’s increase, Virginia’s HC&SA sector has seen total compensation per employee increase by $1,517 over the past year. This increase in Virginia’s total HC&SA compensation per employee translates into a 1.9% growth rate.

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.

[vahwdc]

Annual Change in HC&SA Regional Employment (Not Seasonally Adjusted, Full-Year Change for 2019-2023, Year-to-Date Change in 2024)

HWDC Releases June 2024 Health Workforce Brief Series 2: Regional and Sectoral Employment

The Department of Health Professions' Healthcare Workforce Data Center has released the June 2024 issue of its Virginia Health Care Workforce Brief Series 2: Regional and Sectoral Employment. Data in this Brief is not seasonally adjusted.

According to preliminary estimates, every region in Virginia enjoyed positive Health Care & Social Assistance (HC&SA) employment growth in May. This employment growth was strongest in Northern Virginia, which created 1,800 new HC&SA jobs during the month. This increase in Northern Virginia’s HC&SA employment translates into an impressive 14.4% annualized growth rate. Furthermore, this gain also represents the largest monthly increase in employment in Northern Virginia’s HC&SA sector in more than one-and-a-half years. Richmond’s HC&SA sector also enjoyed double-digit employment growth during the month. In May, Richmond enjoyed its largest monthly employment gain in nearly two years after creating 1,000 new jobs during the month. This gain represents a one-month annualized employment growth rate of 13.9%. At the same time, the Rest of Virginia produced 400 new HC&SA jobs in May, a gain that translates into a 3.4% annualized employment growth rate. Finally, Hampton Roads added 200 new HC&SA jobs during the month, which translates into a 2.4% annualized employment growth rate.

Virginia’s HC&SA sector also enjoyed broad-based employment growth across all four of its subsectors as well during the month. Ambulatory Health Care Services was the main driver of this month’s statewide HC&SA employment growth thanks to the creation of 2,200 new jobs in May, a gain that represents a one-month annualized employment growth rate of 12.8%. Social Assistance also enjoyed strong employment growth in May as this HC&SA subsector produced 700 new jobs during the month, which translates into a 10.3% annualized growth rate. In addition to its strong job growth in May, Social Assistance also has the fastest long-term job growth in Virginia among the state’s four HC&SA subsectors thanks to its current 12-month employment growth rate of 6.5%. Meanwhile, Hospitals created 400 new jobs in May, while Nursing & Residential Care Facilities increased employment by 100 during the month. These job gains represent one-month annualized employment growth rates of 4.3% and 1.6%, respectively.

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.

[vahwdc]

Monthly Change in Employment in Virginia’s Health Care & Social Assistance Sector, Seasonally Adjusted

HWDC Releases June 2024 Health Workforce Brief Series 1: State and National Employment

The Department of Health Professions' Healthcare Workforce Data Center has released the June 2024 issue of its Virginia Health Care Workforce Brief Series 1: State and National Employment.

According to preliminary estimates, Virginia’s Health Care & Social Assistance (HC&SA) sector created 2,000 new jobs in May, a gain that represents a one-month annualized employment growth rate of 4.9%. Thanks to this strong monthly job gain, Virginia’s HC&SA sector increased employment at a rate that exceeded the overall national average during the month: In May, the national HC&SA sector created 83,500 new jobs, which translates into a 4.6% annualized employment growth rate. With this month’s job gain, employment in the state’s HC&SA sector has increased by a total of 8,200 so far this year. This year-to-date employment gain represents 1.9% of the 425,500 HC&SA jobs that have been created across the country so far in 2024. Over the past 12 months, Virginia’s HC&SA sector has produced a total of 19,100 jobs across the state. This 12-month increase in the state’s HC&SA employment translates into a solid 4.0% growth rate.

Virginia’s HC&SA sector was responsible for nearly one-quarter of all statewide employment growth in May as Virginia’s overall economy created 8,800 new jobs across the state during the month. This increase in Virginia’s total nonfarm payroll employment represents a one-month annualized growth rate of 2.5%. As with Virginia’s HC&SA sector, the state’s overall economy also enjoyed above-average employment growth in May as the overall national economy produced 272,000 new jobs during the month, which translates into a 2.1% annualized employment growth rate. Virginia’s overall economy is also enjoying long-term employment growth that exceeds the overall national average. Over the past 12 months, Virginia’s overall economy has increased employment by 81,500. This 12-month increase to the state’s total nonfarm payroll employment translates into a 2.0% growth rate. Over the same time period, the overall national economy has produced a total of nearly 2.8 million jobs, which translates into a 1.8% employment growth rate.

To access the full brief, click the link above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.