Journal Article
Labor Shortages in the Healthcare Sector Have Eased, Which May Soften Price Pressures
Abstract: Following severe labor shortages during the post-pandemic recovery, employment and wage growth in the healthcare sector have returned to their pre-pandemic trends. The healthcare sector is labor intensive, and inflation in the sector has historically tracked wage growth. Thus, lower wage growth may limit price pressures in the healthcare sector.
Keywords: labor; healthcare; wage growth;
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https://www.kansascityfed.org/Economic%20Bulletin/documents/10412/EconomicBulletin24MatschkePollard0816.pdf
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Provider: Federal Reserve Bank of Kansas City
Part of Series: Economic Bulletin
Publication Date: 2024-08-16
Pages: 4