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The job market for physicians has softened, but it isn’t expected to be permanent.
The pandemic has wreaked economic havoc and devastated multiple industries. It may seem unlikely that physicians would feel the brunt of this havoc, but a recent report indicates that this may not be a case. Starting salaries and practice options are seeing temporary reductions. The change is unprecedented.
The report stated there was an increase in job searches for physician position over a 12-month period, but the demand had dropped by 30% since March 31, 2020. However, the decrease is not expected to be a permanent change to physician employment trends. The starting salaries for physicians have also taken a dip, but this change is not expected to be permanent.
For more on the report, check out our sister publication Medical Economics.