April 2026 Healthcare Workforce Trends​_KP

Source: Employer Costs for Employee Compensation Survey, US Census Bureau and Bureau of Labor Statistics

Nurse Pay Surprises with Sudden Deceleration

Rate of change

Q4 2019

Q4 2024

Q4 2025

2019-25

CAGR

YoY

Healthcare Sector Hourly wages

$ 38.68 $ 50.21 $ 51.27

32.5% 4.8% 2.1% 67.9% 9.0% -0.2% 24.2% 3.7% -1.7% 18.8% 2.9% -1.4% 28.3% 4.2% 0.9% 27.5% 4.1% 0.8% 60.6% 8.2% -2.2% 18.3% 2.8% -1.1% 11.7% 1.9% -3.3% 24.6% 3.7% -0.4%

Supplemental pay

$ 2.43 $ 5.99 $ 12.40 $ 60.40

$ 4.09 $ 7.57 $ 14.94 $ 76.80

$ 4.08 $ 7.44 $ 14.73 $ 77.52

Paid leave

Wage inflation disappeared in the

Other benefits

Total compensation

Hospital Industry Hourly wages

latest numbers, coinciding with slower hiring

$ 40.38 $ 51.09

$ 51.49 $ 4.53 $ 7.82 $ 15.36

Supplemental pay

$ 2.82 $ 6.61 $ 13.75 $ 63.56

$ 4.63 $ 7.91 $ 15.89

Paid leave

Other benefits

Total compensation

$ 79.53 $ 79.20

The BLS also said full-time RN payrolls were flat YoY in 2025, suggesting greater use of part- time nurses

• Registered nurse compensation had its weakest quarter-over-quarter comparison since Q4 2020, with softness concentrated in hospitals

• The drop in hospital RN compensation was concentrated in paid leave and other benefits, which fell (4-5%) from Q3 to Q4

• Impaired quality of data collection might have affected these results

5

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