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fastfacts_nsgjobgrowth-salaries_updated8-25-15.pdf

Aug-14 1

FAST FACTS

The Nursing Workforce 2014:

Growth, Salaries, Education, Demographics & Trends

RN Job Growth Rate (new and replacement)–By State/Region, 2012-2022)

 14 states project an annual growth rate of 20% or more, with 8 in the West

and Texas (TX, UT, AZ, CO, ID, AK, MT, WA).

 30 states are projected to have annual growth rates of 15

percent or more (38 states when including those whose latest

figures are 2010-2020).

 10 states are projected to account for half of the job growth:

TX, CA, FL, NY, PA, OH, NC, IL, MI, MA.

Source: U.S. Dept. of Labor, Bureau of Labor Statistics

Note: KY, ME, MI, NC, RI, TX, WI, WV had figures available only for 2010-2020

Overall New Job Growth and Replacement Needs (2012-2022)*

 Nurse employment to increase from 2.86 million to 3.44 million jobs (20.2%)

 Projected number of new RN jobs: 574,400.

 Current RNs projected to retire/leave labor force: 555,100.

 Total number of new RNs needed (new jobs and replacements): 1.13 million

*Figures include RNs and advanced practice registered nurses (APRNs).

Source: U.S. Dept. of Labor, Bureau of Labor Statistics

Median RN Salaries (Median means half of RNs are above, half below)

National median salary for RNs (2013): $66,200

The highest median salaries are in the Northeast and West. Of the 17 states

(and Washington, DC) with salaries above the national median ($66,200), 9

were West (CA, HI, AK, OR, NV, WA, AZ, CO, TX) and 8 were Northeast (MA,

NJ, DC, CT, NY, RI, MD, DE).

10 states with the lowest median salaries (lowest first): SD, IA, WV, AL, MS,

AR, ND, NE, KS, TN. Source: U.S. Dept. of Labor, Bureau of Labor Statistics

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Average (Mean) RN and APRN Salaries

 Registered nurses: $68,910

 Nurse practitioners: $95,070

 All advanced practice registered nurses: $109,352

 Nursing instructors and teachers, post-secondary: $70,200

Source: Bureau of Labor Statistics, Occupational Employment Statistics

RN Median Salaries in Top 50 Metro Areas

 The top 5 highest salaries are in California

 The highest salary (San Francisco, $131,800) is two

times or more higher than the bottom 25 areas

 19 of the top 20 areas are in the West (including

Houston) or Northeast.

 Of the bottom 25 areas, 13 are in the South and 9 are

in the Midwest/Central (including KY, OK).

 7 East Coast metro areas rank in the top 20 (Boston, New York, Hartford,

Washington, DC, Providence, Baltimore, Philadelphia).

 The 10 largest metro areas (in order) do not reflect highest median salaries:

1. New York (7 th

highest salary)

2. Los Angeles (4 th )

3. Chicago (21 st )

4. Dallas (22 nd

)

5. Houston (12 th )

6. Philadelphia (16 th )

7. Washington, DC (14 th )

8. Miami (45 th )

9. Atlanta (27 th )

10.Boston (6 th )

Source: U.S. Dept. of Bureau of Labor Statistics

Occupations with the most annual openings (2012-2022)

 RN ranks first of all occupations requiring at least an associate’s degree for

entry: 105,260. (Only two others are projected to increase more than 10,000

per year: pre-school teachers, dental hygienists.)

Source: U.S. Dept. of Bureau of Labor Statistics

Occupations with the largest employment

 For all education levels, RNs rank 5 th (2012): 2.8 million.

Source: U.S. Dept. of Bureau of Labor Statistics

Highest Concentration of RNs per 100,000 Population, in order

 22 states and Washington, DC have more than 1 nurse for every 100 people.

The 15 states with highest concentration, in order: SD, MA, NE, ME, RI, DE,

ND, MT, PA, IA, OH, MN, WI, MO, TN.

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 Of the 17 states with the lowest concentration (less than 0.9 per 100

residents), 13 are Mountain/West and Texas: (CO, WA, OR, AK, AZ, NM, WY,

TX, CA, NV, HI, UT, ID)

Source: Health Resources and Services Administration, The U.S. Nursing Workforce: Trends in Supply

and Education

Rural/Urban RNs

 445,000 RNs (15.7% of RNs) live in rural areas. (17% of the U.S. population

lives in rural areas).

 Per 100 residents, the U.S. has 0.85 RNs in rural

areas and 0.93 RNs in urban areas.

 Urban RNs have higher levels of education

compared to rural RNs. Urban: 46.6% have a

bachelor’s, 11.4% a master’s or doctoral degree. Rural: 33.9% and 6.8%,

respectively.

Source: Health Resources and Services Administration, The U.S. Nursing Workforce: Trends in Supply

and Education

Age

 Average: 50

 Percentage of working nurses over age 50: 53 percent

Source: The National Council of State Boards of Nursing and The Forum of State Nursing Workforce

Centers 2013 National Workforce Survey of RNs

Percentage of Nurses

Under Age 40

1980 54%

1992 44.8%

2000 31.7%

2004 26.6%

2008 29.5%

Source: Health Resources and Services Administration, National Sample Survey of RNs

Gender

 Percentage of nurses licensed between 2010 and 2013 who were male: 11

percent

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 Percentage of nurses licensed before 2000 who were male: 5 percent

Source: The National Council of State Boards of Nursing and The Forum of State Nursing Workforce

Centers 2013 National Workforce Survey of RNs.

 Percentage of male nurses: 9 percent

 Increase in proportion of males in the RN Workforce, 2000-2010: 12.5%

Source: Health Resources and Services Administration, The U.S. Nursing Workforce: Trends in Supply

and Education

Nursing Education

Licensure Since 2000 – Average number passing exam annually

 2010-2013 (4 years): 143,809

o Average annual increase from 2005-2009: 22.8%

 2005-2009 (5 years): 117,141

o Average annual increase from 2000-2004: 58.3%

 2000-2004 (5 years): 74,021

Source: National Council of State Boards of Nursing

Nursing Schools

 Job offers at time of graduation for nurses earning a bachelor’s (BSN)

degree: 59%

o For nursing master’s degree graduates: 67%

 New BSN graduates employed in nursing 4-to-6 months after graduation:

89%

 RN job offers at graduation by region:

 South: 68%

 Midwest: 59%

 Northeast: 50%

 West: 47%

 Job offer at time of graduation for new college graduates, all professions:

29.3%

Source: American Association of Colleges of Nursing

Hiring Preferences for Nursing School Graduates

 Require new hires to have a minimum of a bachelor’s degree (BSN):

43.7% of hospitals and other healthcare settings

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 Express strong preference for BSN graduates: 78.6%

Source: American Association of Colleges of Nursing

Nursing Education – Institute of Medicine Goal:

 80% of RNs to hold a bachelor’s degree or higher by 2020

Source: Institute of Medicine, “The Future of Nursing”

 Currently, 55% of the RN workforce holds a bachelor’s or higher

Source: Health Resources and Services Administration, The U.S. Nursing Workforce: Trends in Supply

and Education

Nursing School Capacity/Faculty Shortage

 Qualified applicants turned away from nursing baccalaureate and graduate

programs (2012): 79,659

 National nurse faculty vacancy rate (2013): 8.3 percent

 Percentage of full-time nursing faculty age 50 and over: 72 percent (Source:

NCSBN 2013 National Workforce Survey of RNs)

 Average age of doctorally-prepared nurse faculty holding title of “professor”

(2013): 61.3

 Average age of master’s degree-prepared nurse faculty holding title of

“professor” (2013): 57.2

Source: American Association of Colleges of Nursing