Job Sector Trends: March 2024 Jobs Report Analysis

Apr 5, 2024

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On April 5, 2024, the U.S. Bureau of Labor Statistics released a promising jobs report. The report exhibited a robust growth in the employment sector for February 2024, with the addition of 303,000 new employment opportunities. Labor force participation maintained a steady rate of 62.7%, while the unemployment rate witnessed a marginal decrease of 0.1 points, settling at 3.8%. The sectors that experienced considerable job growth included healthcare & social assistance, government, and construction.

The healthcare & social assistance industry witnessed a notable increase of 81,300 jobs, maintaining its consistent growth trajectory. The government sector trailed closely behind, adding 71,000 jobs. The construction sector also saw a boost, adding 39,000 jobs.

Chart by resumas.com with data from US Bureau of Labor Statistics

The Healthcare & Social assistance and Government industries have remained steady performers in terms of job growth, especially the former, leading job creation for the previous three months.

Those seeking opportunities in the flourishing healthcare & social assistance sector may be interested in data compiled by the Bureau of Labor Statistics (BLS) and published by U.S. News & World Report. U.S. News has compiled a list of the top 26 healthcare industry jobs, which includes some of the highest paying jobs with notable growth potential in America. (https://money.usnews.com/careers/best-jobs/rankings/best-healthcare-jobs)

These are the top 26 jobs in the healthcare industry per U.S. News, listed alongside their median salary:

1. Nurse practitioner — $121,610 median salary

2. Physician assistant — $126,010

3. Speech-language pathologist — $84,140

4. Occupational therapist — $93,180

5. Veterinarian — $103,260

6. Nurse anesthetist — $203,090

7. Physical therapist — $97,720

8. Oral and maxillofacial surgeon — $239,200

9. Psychiatrist — $226,880

10. Registered nurse — $81,220

11. Optometrist — $125,590

12. Respiratory therapist — $70,540

13. Anesthesiologist — $239,200

14. Obstetrician and gynecologist — $239,200

15. Pharmacist — $132,750

16. Dietitian and nutritionist — $66,450

17. Dentist — $155,040

18. Orthodontist — $174,360

19. Podiatrist — $148,720

20. Audiologist — $82,680

21. Nurse midwife — $120,880

22. Pediatrician — $190,350

23. Chiropractor — $75,380

24. Radiation therapist — $89,530

25. Esthetician and skincare specialist — $38,060

26. Rehabilitation counselor — $39,990

The top 26 healthcare industry jobs as per U.S. News, along with their median salary, are listed here. For a more detailed exploration of these job positions, refer to the U.S. News link at (https://money.usnews.com/careers/best-jobs/rankings/best-healthcare-jobs)

To summarize, March 2024 was a month of healthy job growth in the United States, with a 303,000 spike in new job creation and an unemployment rate of 3.8%. The healthcare & social assistance, professional and business services, and government sectors were primary contributors to this expansion.

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