Healthcare a Prescription for Job Growth

by CoyDavidson on July 5, 2013

Doctor writting

Healthcare Jobs and the Economy

We are all aware that job growth in the current economic recovery has been tepid. The one industry where job growth has prospered over the last decade is healthcare. According to Brookings, the healthcare industry has added 2.6 million jobs nationwide in the last 10 years which is a 22.7% employment growth rate over the period as compared to 2.1% for all other industries.

medical center fly-over shot

In Houston, the Texas Medical Center and healthcare plays a huge role in the local economy. Over the past 12 months, educational and healthcare services has added 13,900 jobs in the Houston metro, according to data compiled by the Greater Houston Partnership. While energy gets most of the credit for Houston’s strong job growth which has expanded at a 7.0% growth rate, healthcare jobs have expanded in the Houston area by 4.3%.

The implementation of the Affordable Care Act and Houston’s growing population has hospital systems and healthcare providers pushing out to the suburbs with new facilities to meet increasing demand and provide more accessible patient care. Whether a new suburban hospital campus, free-standing emergency facilities, urgent care or primary care clinics, you can expect to see substantial new healthcare facility construction and leasing activity from healthcare providers to meet Houston’s rapidly expanding population and with it will come new jobs.

You might also like:

Previous post:

Next post:


Disclaimer: All blog entries on this site are the opinion of the author and not those of either Colliers International - Houston or Colliers International (collectively, "Colliers"). Colliers neither endorses, sponsors nor necessary shares the opinions of the author, regardless of whether any blog is posted by any employee, officer, agent, or representative of Colliers. Colliers has not authorized or verified any statement of fact made in a blog, and any such statement does not constitute a statement of fact by Colliers. Colliers is not responsible for the monitoring or filtering of any blog, nor does Colliers claim ownership or control over any blog content.