Healthcare was the hardest hit by supply shortages across all U.S. industries

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, Healthcare was the hardest hit by supply shortages across all U.S. industries

The healthcare business was the toughest hit by provide shortages, new information on the U.S. financial system present.

That was one of many findings from the Bureau of Labor Statistics’ survey of almost 600,000 U.S. companies gathered from mid-July by September. The outcomes illustrate the COVID-19 pandemic’s influence on companies primarily based on measurement, location and business.

Listed below are a number of the healthcare-related findings:

  • Sixty-four p.c of healthcare firms reported a scarcity of provides or inputs. Retail commerce and lodging and meals providers have been the subsequent hardest hit sectors at 59% and 50%, respectively. The nationwide common throughout all industries was 36%.
  • Sixty-four p.c of healthcare organizations skilled a lower in demand, whereas 13% noticed a rise, which was comparatively just like the nationwide common (56% vs. 13%). Throughout all U.S. industries, 65% p.c of companies that acquired a COVID-19-related mortgage or grant skilled a lower in demand.
  • Because the begin of the pandemic, 14% of companies elevated the quantity of staff’ paid sick go away.
  • A little bit greater than half of the businesses surveyed instructed staff to not work—with or with out pay—in some unspecified time in the future throughout the pandemic. Of these organizations, 42% paid a portion of medical insurance premiums for some or all of their staff whereas they weren’t working.
  • Amongst companies that instructed staff to not work and acquired a mortgage or grant, 70% paid a portion of medical insurance premiums for some or all staff whereas they weren’t working. Solely 56% of U.S. companies that didn’t obtain funding paid a portion of medical insurance premiums whereas staff weren’t working.
  • The industries with the most important proportion of firms that acquired a mortgage or grant have been lodging and meals providers at 77%, healthcare at 74% and retail commerce at 70%.
  • Nationwide, 62% of institutions acquired a COVID-19-related mortgage or grant tied to rehiring or sustaining staff on the payroll.


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