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10/7/2009

Healthcare and Finance: September Job Report

The report of 263,000 jobs lost in September has surprised experts and has caused phrases such as ‘jobless recovery’ to echo through media outlets across the country.

However, private staffing firms have reported an uptick in the temporary and travel employee markets. Economic experts say this indicates businesses are experiencing more volume, but aren’t looking to risk hiring full-time employees just yet.

In the Healthcare market, travel and per diem work has been increasing steadily and may continue to do so into the cold and flu season. Larger patient volumes and permanent staff taking vacations has facilities looking to bolster openings with reliable travelers and draft emergency staffing plans.

Another aspect of the jobless recovery is its affect on new nurses seeking employment. Many recent graduates looking for nursing jobs may see a dismal picture, but the situation may not be nearly as difficult as it appears.

The lax market demand for permanent nurses is more likely due to a combination of unique and temporary factors and not because the overall demand for nurses has dropped. The whole health care industry is set up for an explosion in demand for nurses and may look to temporary and travel nurses to fill the steady increase in demand until they are ready to commit to full time nurses.

In the end, it may not be the recovery everyone hoped for, but a recovery none the less.