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Family Health Author: Scott Hensley - Wall Street Journal Onlline Last Updated: May 7, 2008 - 11:37:24 AM



When Times Are Bad, Nursing Looks Good
By Scott Hensley - Wall Street Journal Onlline
May 7, 2008 - 11:31:54 AM

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(HealthNewsDigest.com) - The weak economy is easing the nursing crunch, the WSJ reports. It’s a welcome side effect from inflationary pressures on families across the country and pinches on employment in other fields.

When money is tight many nurses with flexible schedules take on extra shifts, moving from part-time to full-time. Other nurses are postponing retirement or returning to the work force after a hiatus, the WSJ reports.

But the improvement in staffing may last only until the economy picks up. Nursing employment has been a kind of reverse economic indicator in recent decades. “In periods of economic weakness or recession — including in the early 1980s, the early 1990s and earlier this decade following the technology-company bust and the Sept. 11 attacks — the number of full-time nurses grew at an average annual rate of 3.5%,” the WSJ says, citing data from an analysis of government data in the book “The Future of the Nursing Workforce in the U.S.” When times were flush, the increase averaged just 2.4%.

Over the long haul, the nursing shortage is expected to resume and eventually worsen. Census data crunched in the work-force analysis book show that the number of nurses will plateau in 2015. By 2025, there could be a shortage of nearly 500,000 nurses, representing a vacancy rate of 40% or higher.

URL: http://blogs.wsj.com/health/2008/05/07/when-times-are-bad-nursing-looks-good/?

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