New Report: Maine Hospitals Serve As Key Job Creators
Released on 03/06/2015
For Immediate Release
Contact: Jeffrey Austin, 207-622-4794
Hospitals in Maine Directly Provide 4.5B to Economy
AUGUSTA, MAINE (March 6, 2015)—
Maine hospitals employ more than 35,000 people and help create nearly $9 billion in economic activity for the state.
The economic contribution of hospitals, highlighted in a new report
released by the American Hospital Association (AHA), is critical to communities. In Maine, more than 12 percent of total employment is supported by hospital employment. That’s the highest percentage of any state in the nation.
“In Maine, hospitals, in addition to being vital to their communities’ physical health, are also vital to those communities’ economic health,” said Steven Michaud, president of the Maine Hospital Association. “In many parts of the state, not only are hospitals the only healthcare provider, they are the largest employers.”
- Employ almost 36,000 individuals and support an additional 40,000 jobs elsewhere in the Maine economy through “ripple effects”;
- Provide stability and growth during times of recession;
- Spend $2.5 billion on wages and benefits; and
- Are part of the Healthcare and Social Assistance sector, which is Maine’s largest economic sector in terms of number of jobs and wages paid.
According to the Maine Department of Labor, since 2000, more net jobs were generated in the health sector than in all other sectors combined. Except for a slight decline in 2010, employment has increased every year for two decades.
“Employment within hospital settings is expected to increase much faster than average and account for the majority of job opportunities,” according to the Labor Department’s 2014 Health Occupations Report.