Long-term care providers struggle with high unemployment compared with other healthcare settings: report
Although employment at hospitals and physicians offices has returned to almost pre-pandemic levels, assisted living communities, life plan / continuing care retirement communities and nursing homes continue to see relatively high unemployment, according to an analysis of Bureau of Labor Statistics data by the Peterson Center on Healthcare and the Kaiser Family Foundation.
“Relatively recession-proof” in past recessions, healthcare employment fell dramatically in early 2020, according to the report. The COVID-19 recession saw health sector jobs fall sharply, although not as steeply as jobs in other sectors — healthcare employment fell by 9.3% in April 2020 from the previous month, whereas non-healthcare employment fell by more than 14%.
Read the full story from McKnight’s here.