Takeaways:
- Job postings continue to hum along at 10.8% above the pre-pandemic baseline, and are now down 8.3% from January 17, 2024.
- Despite falling modestly over the past year, job postings for Therapy roles and Physicians & Surgeons are holding up better than the rest of the labor market.
- Wage growth in most healthcare sectors continues to slow, with almost all sectors registering a decline in the past six months.
Indeed job postings
The US Indeed Job Posting Index (JPI) finished out the year in the same fashion it spent much of 2024, coasting along between 10 to 13% above the pre-pandemic baseline. As of January 17, 2025, job postings were down 8.3% from the same date last year as employer demand for workers continued to weaken, but remained 10.8% above the pre-pandemic baseline.
Healthcare job postings
Job postings in all Healthcare sectors analyzed by Indeed were down compared to a year ago, as of January 17, 2025, with one notable exception — Therapy job postings grew 5.3%. Declines in other categories were relatively muted, with Physicians & Surgeons, Dental, and Personal Care & Home Health job postings waning less than 5% year-over-year. All sectors within the Healthcare vertical remain well above early-2020 levels, with Pharmacy job postings bringing up the rear at 19.2% above its pre-pandemic baseline, despite a 25.7% drop in the year to January 17, 2025.
Healthcare wage growth
Annual wage growth in the Healthcare vertical covers a rather wide range. Dental and Childcare wage growth are leading the pack with year-over-year gains of 4.3% and 3.5%, respectively, through December 2024. However, there has been a slowdown in both categories, with Dental wage growth dropping 0.3 percentage points in the last six months and Childcare falling 0.9 percentage points in the same time. Nursing wage growth lags the rest of the vertical, rising only 2.5% in the year to December 2024.
For more labor market insights from the Indeed Hiring Lab, visit us at hiringlab.org.