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Labor conditions stabilizing at nonprofit hospitals: Fitch

The US labor market for nonprofit hospitals is stabilizing as employment increases and healthcare job vacancies decline, Fitch Ratings reports. However, hospitals’ ability to manage salaries and benefits is cited as key to operational success. Healthcare job growth has flattened out at 4%, but recruiting remains very competitive, prompting higher salaries and better benefits to attract and dissuade early retirees. Despite improvements, Fitch’s outlook for the sector remains negative.

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