COVID-19 Industry Impact Report: Healthcare
Has any other sector been affected by COVID-19 as much as Healthcare? Even before this epidemic hit our state, the healthcare sector had long been considered extremely critical to the socioeconomic well-being of Minnesota. Last year, RealTime Talent projected a shortage of up to 36,000 healthcare professionals statewide by the second quarter of 2024. At that time, Minnesota was already facing shortages of nurses, nursing assistants, personal care aides, as well as many other healthcare occupations. As hospitals and clinics were struggling to find talent, senior care facilities were appearing everywhere – and they too faced difficulty filling positions. By March 14th, the workforce was on the precipice of a shelter-in-place order while healthcare facilities were preparing to be inundated with COVID-19 patients amidst a shortage of medical professionals to care for them.
The graph below brings some insight into the demand for healthcare occupations in the Twin Cities 7-County Metro between then and now by showing the amount of new job posts in relation to job posts that were active but may have been posted anytime before March 14th, 2020.
The graph below provides some insight into the demand senior care employers in the 7-County Metro have, showing the amount of new job posts in relation to job posts that were active but may have been posted anytime before March 14th, 2020.