South Burlington, VT — The Vermont Business Roundtable’s Research and Education Foundation unveils an innovative report highlighting the pressing demand for skilled nursing professionals in the state within the next two years.
According to the Vermont Department of Labor, the healthcare industry accounts for nearly 12% of Vermont’s workforce, employing more than 37,000 people as of the third quarter 2023. However, the sector has seen a decline of 1700 jobs, or approximately 4.5% compared to the same period in 2019. Nowhere is the shortage more acute than in residential care, where employment numbers have dropped by 11% since 2019. In comparison, both ambulatory (out-patient) and hospital employment numbers have decreased by 3% for the same period.
The VBR Foundation’s Vermont Nursing Needs Assessment 2024-2026 report underscores the importance of investing in education for high-demand careers in the nursing profession. It also highlights the significant workforce challenges faced by healthcare providers including rising patient volume, more severe illness, an aging population, and a shortage of custodial care. These challenges are compounded by staff burnout, difficulty hiring and retaining skilled nurses from out-of-state, and a reduced supply of available workers. Continue reading “VBR Research & Education Foundation’s New Report Assesses and Forecasts Critical Nursing Needs [3.11.24]”