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Nursing: Supply and Demand through 2020

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Nursing: Supply and Demand through 2020 analyzes the growing need for qualified nurses. The study projects that the economy will create 1.6 million job openings for nurses through 2020. Yet, there will not be enough nurses to fill those openings. We project the nursing workforce will be facing a shortfall of roughly 200,000 nursing professionals by 2020.

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Nursing: Supply and Demand through 2020

  1. 1. Nursing: Supply and Demand through 2020 Anthony P. Carnevale, Nicole Smith, Artem Gulish February 25, 2015
  2. 2. Overview •  There are 3.5 million nursing professionals working today. •  There will be 1.6 million job openings for nurses between 2010 and 2020.
  3. 3. Nursing Job Openings •  There are 1.2 million openings for registered nurses. •  There are 370,000 openings for licensed practical nurses. •  About 700,000 of these job openings are newly created while 880,000 jobs will become available due to Baby Boomers’ retirement.
  4. 4. •  The demand for nurses remains robust, with job openings accounting for 1.6 million open positions between 2010 and 2020. •  The current demand is 3.5 million and will be 4.15 million in 2020. 3.5  Million   4.15  Million   What’s the demand for nurses?
  5. 5. 12 Average number of U.S. nursing professionals per 1000 residents. Nursing is the largest of all licensed health professions  
  6. 6. North Dakota, Washington D.C., and Rhode Island have the highest concentration of nursing professionals, while California, Georgia, and Nevada have the lowest.
  7. 7. The nursing profession offers some of the best career opportunities for qualified job seekers, with the largest expected job growth of any occupation and the highest annual median wage of the top ten occupations with the largest expected job growth.
  8. 8. •  Driven by a growing aging U.S. population, increased health coverage and disposable income, and changing healthcare delivery models, the nursing profession has been experiencing steady growth from the 1980s to present. •  The growth of nursing professionals has been so rapid that the U.S. currently has the largest nursing workforce in the world.It is poised to continue growing.
  9. 9. Shortage •  By 2020, the U.S. could face a shortfall of 200,000 nurses.
  10. 10. •  Individuals who will be unable to get into the profession. •  Healthcare institutions unable to recruit sufficient nursing workforce. •  Patient safety and quality of care. 1 Aiken, L.H. and Cheung. Nurse Workforce Challenges in the United States: Implications for Policy. OECD Health Working Papers, No.35. (2008). Failure to prepare for incoming cohorts, and failure to train a sufficient number of nurses will have major consequences for:
  11. 11. •  The lack of capacity at nursing schools creates a bottleneck in the supply of nurses  
  12. 12. •  Both AND and BSN nursing programs fall short of meeting demand
  13. 13. •  Lack of faculty and lack of clinical placements are the two major hurdles to training more nurses.
  14. 14. •  While the demand for more educated nurses is on the rise, the supply cannot keep up due to the rising demands on the limited number of doctoral nursing faculty.
  15. 15. •  Doctoral nurses cannot train a sufficient number of new doctoral nurses and more BSN and MSN nurses at the same time.
  16. 16. For more information: Email Us | cewgeorgetown@georgetown.edu Follow Us on Twitter | @GeorgetownCEW Find us on Facebook | Facebook.com/GeorgetownCEW Follow us on LinkedIn | linkedin.com/company/georgetowncew See the full report at: cew.georgetown.edu/nursing2020    

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