For those of you who subscribe to our newsletter, you may remember reading that unemployment among college degreed professionals in the United States over the age of 25 is at 5%, according to the Bureau of Labor Statistics Unemployment Table. Both my HR and recruiter colleagues are reporting increases in both requisitions and hires in most sectors, although imaging and pharma are still lagging.
A survey we gave back in January found that 55% of the medical industry professionals that participated were looking to change jobs this year. Employment seems to be bouncing back, but the statistics are mixed considering the May employment report released last Friday by the government. According to Morningstar’s video report, 200,000 more jobs were expected but only 41,000 jobs in the private sector materialized. This may seem like bad news for those looking for medical device jobs, but health care employment itself is increasing strongly, and consistently. According to the Bureau of Labor Statistics report itself,
“Health care employment was little changed in May (+8,000). Over the prior 12 months, health care employment had increased by an average of 20,000 per month.”
This is already great news for jobseekers in the medical device industry, but the combination of healthcare reform and new medical device technology makes the future of the industry’s hiring difficult to clearly forecast.
With those thoughts and statistics in mind, we created a survey asking medical device professionals to assess the future of hiring in the medical device industry over the next 6 months. On the first day we had over 1,000 responses, so take the survey and see the results so far.
Final results will be posted next week, so stay tuned!
Paula Rutledge
President
LegacyMedSearch
Paula@LegacyMedSearch.com
407-898-4440
