Quarterly Change in Total Earnings from Virginia’s Health Care & Social Assistance Sector (Including Proprietor’s Income, Salaries, Wages and Benefits)
HWDC Releases May Health Workforce Brief Series 3: Income & Compensation
The Department of Health Professions’ Healthcare Workforce Data Center has released the May issue of its Virginia Health Care Workforce Brief Series 3: Income & Compensation
In Q4 2012, total earnings in Virginia’s HC&SA sector grew by $354 million to $25.1 billion, which represents a three-month annualized growth rate of 5.9%. In addition, total compensation in Virginia’s HC&SA sector grew by $344 million to $22.7 billion, which represents a three-month annualized growth rate of 6.3%. However, HC&SA compensation per employee actually fell slightly during the quarter, declining by $43 to $56,668 per employee.
The HC&SA sector was buoyed by upward revisions to preliminary estimates for Q3 2012. Total HC&SA earnings were revised upward by $415 million, and HC&SA compensation was revised upward by $420 million. Meanwhile, HC&SA compensation per employee was revised upward by a dramatic $1,150, more than compensating for the modest decline seen in Q4 2012.
When taken together, these results represent a strong end of the year for the HC&SA sector. The four-quarter moving average of HC&SA earnings growth reached its highest level since the end of the recession. In addition, despite the relatively poor quarterly results in HC&SA compensation per employee, the year-over-year growth rate rebounded strongly to 2.8% after being in negative territory for three of the past four quarters. Furthermore, salaries and wages in the HC&SA sector grew by 6.3% in 2012, while employee benefits grew by 6.0%.
Other highlights include the following:
| Q4 2012 Income | Year-Over-Year Growth | |
|---|---|---|
| Virginia | ||
| Total Earnings | $290.732 Billion | 3.1% |
| HC&SA Earnings | $25.059 Billion | 5.9% |
| HC&SA Compensation | $22.707 Billion | 6.3% |
| HC&SA Comp. per Employee | $56,668 | 2.8% |
| National | ||
| Total Earnings | $9.882 Trillion | 4.0% |
| HC&SA Earnings | $1.084 Trillion | 3.8% |
| HC&SA Compensation | $958.807 Billion | 3.9% |
| HC&SA Comp. per Employee | $55,878 | 1.7% |
To access the full brief, click the image above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.
Monthly Change in Employment in Virginia’s Health Care & Social Assistance Sector, Seasonally Adjusted
HWDC Releases February Health Workforce Brief Series 1: State and National Employment
The Department of Health Professions’ Healthcare Workforce Data Center has released the February issue of its Virginia Health Care Workforce Brief Series 1: State and National Employment
One month after reaching the 400,000 job milestone, Virginia’s HC&SA sector gave back some of its impressive 2012 employment gains by losing an estimated 1,800 jobs in January, which represents a one-month annualized loss of more than 5%. This decline was the first monthly job loss in Virginia’s HC&SA sector in more than a year.
Despite January’s results, Virginia’s HC&SA sector continues to exhibit strong long-term employment growth. Over the past year, employment growth in the sector has grown by 3.0%, which is 36% higher than the national average of 2.2%. This translates to nearly 1,000 new health care jobs per month since the beginning of 2012.
It should be noted that these results incorporate annual BLS benchmark adjustments that go as far back as January of 2008 for seasonally adjusted data. These revisions reconcile payroll survey results with unemployment insurance data. Because of these adjustments, employment numbers in the February brief may not match results from previous briefings. For those who are interested, details are available here.
Other highlights include the following:
| Jobs Created | Year-Over-Year Growth | |
|---|---|---|
| Virginia | ||
| Nonfarm Payroll | -3,900 | 0.7% |
| HC&SA Payroll | -1,800 | 3.0% |
| National | ||
| Nonfarm Payroll | 119,000 | 1.5% |
| HC&SA Payroll | 19,300 | 2.2% |
To access the full brief, click the image above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.
Annual Change in HC&SA Subsector Employment (Not Seasonally Adjusted, change from Dec. to Dec.)
HWDC Releases February Health Workforce Brief Series 2: Regional and Sectoral Employment
The Department of Health Professions’ Healthcare Workforce Data Center has released the February issue of its Virginia Health Care Workforce Brief Series 2: Regional and Sectoral Employment.
Due to strong seasonal factors, preliminary estimates indicate that Virginia’s HC&SA sector lost 4,400 jobs in January, which represents a one-month annualized decline of more than 12%. These declines were felt throughout most of the state, especially in the Hampton Roads area, where 2,000 health care jobs were lost. Richmond was the only region to experience positive HC&SA employment growth, adding 300 jobs during the month. Although this is the worst monthly job loss in Virginia’s HC&SA sector in eight years, employment growth has still increased by more than 3% over the past 12 months, including positive gains in every major region of the state. Highlights for each major region of Virginia are included below:
| Region | Jobs Created | Year-Over-Year Growth |
|---|---|---|
| Virginia | -4,400 | 3.4% |
| Hampton Roads | -2,000 | 3.0% |
| Northern Virginia | -1,000 | 2.9% |
| Richmond | 300 | 6.4% |
| Rest of Virginia | -1,700 | 2.2% |
Every HC&SA subsector experienced job losses in January. Hospitals, Social Assistance, and Nursing & Residential Care Facilities bore the brunt of these job losses with double-digit declines in their one-month annualized growth rate. Meanwhile, Ambulatory Health Care, which saw a nearly 7% decline in its own one-month annualized employment growth rate, was the only HC&SA subsector to lose less than 1,000 jobs in January.
With respect to long-term employment growth, Virginia’s HC&SA subsectors have bifurcated over the past several months. Social Assistance and Ambulatory Health Care are currently experiencing rather robust 12-month employment growth, but growth in Hospitals and Nursing & Residential Care Facilities has fallen below 1%. In fact, employment in Virginia’s Hospital subsector has now reached a six-month low. Details for each subsector are included below:
| Subsector | Jobs Created | Year-Over-Year Growth |
|---|---|---|
| Total HC&SA | -4,400 | 3.4% |
| Ambulatory Health Care | -900 | 4.4% |
| Hospitals | -1,100 | 0.9% |
| Nursing & Residential Care | -1,200 | 0.7% |
| Social Assistance | -1,200 | 7.7% |
It should be noted that these results incorporate annual BLS benchmark adjustments that go as far back as April of 2011 for non-seasonally adjusted data. These revisions reconcile payroll survey results with unemployment insurance data. Because of these adjustments, employment numbers in the February brief may not match results from previous briefings, especially with respect to HC&SA subsector data. For those who are interested, details are available here.
To access the full brief, click the image above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.
Quarterly Change in Total Earnings from Virginia’s Health Care & Social Assistance Sector (Including Proprietor’s Income, Salaries, Wages and Benefits)
HWDC Releases January Health Workforce Brief Series 3: Income & Compensation
The Department of Health Professions’ Healthcare Workforce Data Center has released the January issue of its Virginia Health Care Workforce Brief Series 3: Income & Compensation
In the third quarter of 2012, total earnings in Virginia’s Health Care & Social Assistance (HC&SA) sector increased by $204 million to $24.3 billion, which represents a three-month annualized growth rate of 3.4%. In addition, employee compensation in the sector grew by $197 million to $21.9 billion. However, the influx of employees into the HC&SA sector dampened compensation per employee, which only rose by $16 during the quarter.
The Bureau of Economic Analysis also revised its initial estimates for the first and second quarter of 2012. Second quarter results were significantly impacted by the revision. For instance, HC&SA earnings were revised downward by $723 million, turning a $204 million gain into a $516 million loss, which represents the worst quarterly decline in over two decades.
These results indicate the possibility of a slowdown in income and compensation growth in the HC&SA sector. The four-quarter moving average of the earnings growth rate in the HC&SA sector has fallen from 5.8% to 1.1% over the past six quarters. Furthermore, the year-over-year change in compensation per employee has fallen in three of the last four quarters.
Other highlights include the following:
| Q3 2012 Income | Year-Over-Year Growth | |
|---|---|---|
| Virginia | ||
| Total Earnings | $286.5 Billion | 2.0% |
| HC&SA Earnings | $24.3 Billion | 0.6% |
| HC&SA Compensation | $21.9 Billion | 0.3% |
| HC&SA Comp. per Employee | $55,561 | -2.5% |
| National | ||
| Total Earnings | $9.8 Trillion | 3.1% |
| HC&SA Earnings | $1.1 Trillion | 2.3% |
| HC&SA Compensation | $947.6 Billion | 2.2% |
| HC&SA Comp. per Employee | $55,726 | 0.1% |
To access the full brief, click the image above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.
Virginia’s Health Care & Social Assistance Sector Reaches Milestone as Employment Exceeds 400,000 for the First Time Ever
HWDC Releases January Health Workforce Brief Series 1: State and National Employment
The Department of Health Professions’ Healthcare Workforce Data Center has released the January issue of its Virginia Health Care Workforce Brief Series 1: State and National Employment
Thanks to a strong month in which 2,600 jobs were created, Virginia’s Health Care & Social Assistance (HC&SA) sector reached a milestone in December as total, seasonally-adjusted employment exceeded 400,000 for the first time ever. Including both December’s preliminary results and November’s revision, the HC&SA sector in Virginia produced 13,700 jobs in 2012, which represents its strongest year since 2008.
Virginia’s HC&SA sector continues to be an important contributor to employment growth in both the rest of the state’s economy and the nation’s health care industry. Over the past 12 months, Virginia’s HC&SA sector is responsible for 44% of all employment growth in the state. In addition, it was also responsible for 4.7% of all employment growth in the nation’s HC&SA sector in December.
Other highlights include the following:
| Jobs Created | Year-Over-Year Growth | |
|---|---|---|
| Virginia | ||
| Nonfarm Payroll | -5,000 | 0.8% |
| HC&SA Payroll | 2,600 | 3.5% |
| National | ||
| Nonfarm Payroll | 155,000 | 1.4% |
| HC&SA Payroll | 55,000 | 2.3% |
To access the full brief, click the image above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.
Monthly Change in Employment in Virginia’s Health Care & Social Assistance Sector, Seasonally Adjusted
HWDC Releases December Health Workforce Brief Series 1: State and National Employment
The Department of Health Professions’ Healthcare Workforce Data Center has released the December issue of its Virginia Health Care Workforce Brief Series 1: State and National Employment
Virginia’s Health Care & Social Assistance (HC&SA) sector produced 900 jobs in November, continuing a seven-month streak of positive employment growth. After including October’s significant upward revision of 1,900 jobs to its preliminary estimate in last month’s brief, Virginia’s HC&SA sector has now created 11,700 jobs on a seasonally adjusted basis year-to-date, which represents an annualized growth rate of 3.1%
Virginia’s health care sector continues to do well relative to the country as a whole. In November, Virginia’s HC&SA sector was the source for more than 4% of all HC&SA employment gains in the nation. In addition, over the past 12 months, the HC&SA sector has produced 27% of all jobs in the Commonwealth, which is well above the national average of 19%.
Other highlights include the following:
| Jobs Created | Year-Over-Year Growth | |
|---|---|---|
| Virginia | ||
| Nonfarm Payroll | 9,300 | 1.3% |
| HC&SA Payroll | 900 | 3.2% |
| National | ||
| Nonfarm Payroll | 146,000 | 1.4% |
| HC&SA Payroll | 22,000 | 2.1% |
To access the full brief, click the image above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.
Figure 1: Annual Change in HC&SA Subsector Employment (Not Seasonally Adjusted, change from Dec to Dec.)
HWDC Releases November Health Workforce Brief Series 2: Regional and Sectoral Employment
The Department of Health Professions’ Healthcare Workforce Data Center has released the November issue of its Virginia Health Care Workforce Brief Series 2: Regional and Sectoral Employment.
Virginia’s Health Care and Social Assistance (HC&SA) sector had a strong month in October, producing 1,500 new jobs across the state. Every region of Virginia benefited from this employment growth, especially in Northern Virginia and Richmond, where a total of 1,100 new jobs were created in the HC&SA sector. Highlights for each major region of Virginia are included below:
| Region | Jobs Created | Year-Over-Year Growth |
|---|---|---|
| Virginia | 1,500 | 2.0% |
| Hampton Roads | 200 | 2.2% |
| Northern Virginia | 600 | 1.6% |
| Richmond | 500 | 2.2% |
| Rest of Virginia | 200 | 2.1% |
October’s HC&SA employment gains were mainly concentrated in the Social Assistance subsector, which produced an impressive 2,300 jobs during the month. The Hospital subsector was also able to produce modest employment growth in October, but these gains were mitigated somewhat by job losses in the Ambulatory Health Care Services and Nursing & Residential Care Facilities subsectors. Details for each subsector are included below:
| Subsector | Jobs Created | Year-Over-Year Growth |
|---|---|---|
| Total HC&SA | 1,500 | 2.0% |
| Ambulatory Health Care | -300 | 0.8% |
| Hospitals | 200 | 2.9% |
| Nursing & Residential Care | -700 | 2.6% |
| Social Assistance | 2,300 | 2.8% |
To access the full brief, click the image above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.
Monthly Change in Employment in Virginia’s Health Care & Social Assistance Sector, Seasonally Adjusted
HWDC Releases November Health Workforce Brief Series 1: State and National Employment
The Department of Health Professions’ Healthcare Workforce Data Center has released the November issue of its Virginia Health Care Workforce Brief Series 1: State and National Employment
Preliminary estimates for October indicate that employment in Virginia’s health care & social assistance (HC&SA) sector grew by 200 jobs. In addition, September’s preliminary estimate for HC&SA employment, which originally indicated a loss of 200 jobs, was revised upward by 900 jobs. With these most recent results, Virginia’s HC&SA sector has added 8,900 jobs in 2012, which represents an annualized growth rate of 2.77%. Although the share of Virginia’s year-over-year employment growth that is attributable to the HC&SA sector did fall to 22%, this was due mainly to strong employment numbers in the summer and fall of 2011, which were removed from the most recent calculations.
Other highlights include the following:
| Jobs Created | Year-Over-Year Growth | |
|---|---|---|
| Virginia | ||
| Nonfarm Payroll | -600 | 1.0% |
| HC&SA Payroll | 200 | 2.0% |
| National | ||
| Nonfarm Payroll | 171,000 | 1.5% |
| HC&SA Payroll | 32,500 | 2.0% |
To access the full brief, click the image above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.
Figure 1: Annual Change in HC&SA Employment (Not Seasonally Adjusted, change from Dec to Dec.)
HWDC Releases October Health Workforce Brief Series 2: Regional and Sectoral Employment
The Department of Health Professions’ Healthcare Workforce Data Center has released the October issue of its Virginia Health Care Workforce Brief Series 2: Regional and Sectoral Employment.
During the month of September, Virginia’s Health Care and Social Assistance (HC&SA) sector lost 1,100 jobs. These losses were concentrated mainly in Hampton Roads, which lost 1,100 jobs, and Northern Virginia, which lost 600 jobs. However, these losses were mitigated somewhat by the addition of 600 total jobs in Richmond and the Rest of Virginia:
| Region | Jobs Created | Year-Over-Year Growth |
|---|---|---|
| Virginia | -1,100 | 2.3% |
| Hampton Roads | -1,100 | 2.1% |
| Northern Virginia | -600 | 2.0% |
| Richmond | 300 | 2.1% |
| Rest of Virginia | 300 | 2.9% |
All of September’s job losses in the HC&SA sector could be attributed to the Nursing & Residential Care Facilities subsector, which lost 1,400 jobs during the month. Two of the other subsectors, Hospitals and Social Assistance, managed to gain a combined 300 jobs in September. Meanwhile, the Ambulatory subsector, which lost 1,300 jobs in August, managed to hold steady in September, neither gaining nor losing jobs:
| Subsector | Jobs Created | Year-Over-Year Growth |
|---|---|---|
| Total HC&SA | -1,100 | 2.3% |
| Ambulatory Health Care | 0 | 1.4% |
| Hospitals | 200 | 2.6% |
| Nursing & Residential Care | -1,400 | 4.1% |
| Social Assistance | 100 | 2.1% |
To access the full brief, click the image above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.
Monthly Change in Employment in Virginia’s Health Care & Social Assistance Sector, Seasonally Adjusted
HWDC Releases October Health Workforce Brief Series 1: State and National Employment
The Department of Health Professions’ Healthcare Workforce Data Center has released the October issue of its Virginia Health Care Workforce Brief Series 1: State and National Employment
In September, preliminary estimates indicate that employment in Virginia’s health care & social assistance (HC&SA) sector fell by 200 jobs. However, August’s preliminary estimate for HC&SA employment was revised upward by 100 jobs. In total, Virginia’s HC&SA sector has added 7,800 jobs this year, which represents an annualized growth rate of 2.70%. Meanwhile, after a stong month for Virginia’s total nonfarm employment, the share of year-over-year employment growth that is attributable to the HC&SA sector has fallen to 26%.
Other highlights include the following:
| Jobs Created | Year-Over-Year Growth | |
|---|---|---|
| Virginia, Nonfarm | 11,500 | 1.0% |
| Virginia, HC&SA | -200 | 2.4% |
| National, Nonfarm | 114,000 | 1.4% |
| National, HC&SA | 44,500 | 2.0% |
To access the full brief, click the image above. To see all Virginia Health Care Workforce Briefs and to access archival briefs, visit our website.
