Why New Grad Nurse Jobs Are on the Rise: An In-Depth Analysis

Many are afraid that the job prospects of new grad nurses are low. However, the reality is quite the contrast. In this post, we’ll go over what you need to know regarding the career prospects for new grad nurse jobs, as well as the reasons why this nursing career is on the rise.

Why New Grad Nurse Jobs Are on the Rise: An In-Depth Analysis
Why New Grad Nurse Jobs Are on the Rise: An In-Depth Analysis

The Demand for New Grad Nurses

Healthcare services are constantly in demand and will continue to be so. As a result, Registered Nurses and other nursing professionals will always be in demand. You may still be wondering why the nursing industry is predicted to expand so rapidly in the future years.

The present skill scarcity in the healthcare profession is one element influencing the nursing job outlook. A substantial percentage of Registered Nurses nowadays are over 50 years old, owing to the big baby boomer demographic. These nurses are near retirement age, and they will need to be replaced by newly qualified RNs. Indeed, the Health Resources and Services Administration estimates that over one million registered nurses would retire by 2030.

Projected Job Growth for New Grad Nurses

Projected Job Growth for New Grad Nurses
Projected Job Growth for New Grad Nurses

According to the Bureau of Labor Statistics (BLS) Employment Projections 2019-2029, new grad nurses are in great shape for employment growth between now and 2029. According to projections, the number of registered nurses in employment will grow by 7% throughout this time, with 221,900 new RNs joining the workforce. When retirements and departures from the workforce are taken into account, the BLS predicts an extra 175,900 RN vacancies each year. The path to becoming a registered nurse can be tricky, however, it is quite achievable if you are willing to take it on.

The Reasons For This Significant Growth

Nursing Shortage Across the United States

As you may be aware, the United States is now experiencing a significant nurse shortage. It is a well recognized concern in the healthcare profession, and RNs are seeing it firsthand. In fact, according to a 2019 AMN Healthcare poll, the number of nurses who believe the shortage has worsened has climbed dramatically.

Aging Population

The Reasons For This Significant Growth
The Reasons For This Significant Growth

According to a 2017 projection from the United States Census Bureau, there will be roughly 77 million Americans aged 65 and more by 2034, up from 47.8 million in 2015. According to studies, the elderly consume healthcare services three times more than working individuals, and their healthcare spending is almost five times more than that of children. This implies that as the population of older persons rises, so does the need for medical and nursing experts to offer healthcare to them.

Financial Well-being

People’s drive for a healthy lifestyle is inextricably linked to their financial well-being. As the economy expands, more jobs are created, many of which come with health insurance and more money to spend on healthcare. As a result, the need for healthcare professionals will continue to rise.

Nursing Faculty Shortage

Another major explanation for the strong nursing employment growth potential, albeit less obvious, is the acute lack of nursing professors. According to an AACN survey, over 80,000 competent nursing program applicants were turned down for the 2019/2020 academic year owing to a shortage of Nurse Instructors to teach baccalaureate and graduate nursing programs. Lower nursing graduation rates, along with an aging nursing workforce, have created a substantial gap in the nursing profession, which may explain the increased need for RNs.

Conclusion

New grad nurse jobs nowadays offer decent pay, nice benefits, and a plethora of career options from which you may select one that is specially matched to your requirements, interests, and goals. It doesn’t end there, either. They also have a bright future, making it one of the most recession-resistant professions in the country.