Job Outlook for Nurses 2023

Career Resources / Job Outlook for Nurses

To say nurses are in demand is an understatement. Their popularity is reflected in the job outlook for nursing professionals in 2023 and beyond.

To understand why one only needs to look to 2022 for plenty of reasons. If the past year has taught us anything, it is that nurses are indispensable. They are nothing short of medical superheroes.

Dedication to their profession is hardly a new quality among nursing professionals. Helping people is one of the reasons most nurses say they went into the profession.

Still, shortages have plagued the nursing profession since 1998. 

Projections indicate the need to hire up to a million new nursing professionals by 2023 to meet the growing demand. This is good news for anyone considering becoming a nurse, as they are almost guaranteed placement.

Jump to a specific section:

• Projected job growth for registered nurses (RNs)
• What is influencing the growth in the job outlook for nurses?
• Projected job growth for nurse practitioners (NPs)
• How much do RNs and NPs earn?
• Who is hiring RNs and NPs in 2023?
• Staying competitive in the workplace
• Nursing Job Outlook FAQs

Projected job growth for registered nurses (RNs)

RNs are in an excellent position for job growth between now and 2029, according to the Bureau of Labor Statistics (BLS). Projections indicate the RN workforce will increase 6% between 2021 and 2031, adding over 222,000 new RNs to the workforce.

What is influencing the growth in the job outlook for nurses?

An aging population is the main reason more nursing professionals are needed in the workforce. The rise of people living with chronic health conditions like arthritis, dementia, diabetes, and obesity, is also attributed to the need for more RNs. Part of their job duties will be to care for and educate patients living with these and other lingering illnesses.

Advanced Practice Registered Nurses (APRNs) are in even higher demand since they can deliver some of the same services as physicians. With their prescribing authority, APRNs can conduct healthcare screenings and prescribe medication to treat illnesses and injuries. In areas that lack access to qualified physicians, APRNs can fill the gap.

Projected job growth for nurse practitioners (NPs)

Nurse Practitioners coordinate patient care and are responsible for providing primary and specialty healthcare services in certain situations. Like RNs, NPs are in high demand and have been for more than two decades. Demand for NPs is expected to increase by 40% from 2021 to 2031, according to the BLS. This is faster than the average rate of growth for all other professions during the same period. There are several reasons why qualified NPs will be sought-after in the coming years:

• Increased emphasis on preventative healthcare services
• Increased demand for healthcare services for an aging population
• Increased need for the efficient delivery of healthcare services

In 2019, there were an estimated 211,300 NPs employed in the U.S. By 2029, those numbers are expected to grow to 322,000.

How much do RNs and NPs earn?

According to the BLS, the average annual salary for and RN is $82,750. The lowest RN wage earners work for local, state, and private educational services.

The average annual wage for NPs is $118,040. The highest-earning sector of NPs is nurse anesthetists, who pull in $202,470 annually. As with RNs, the lowest NP wage earners work for local, state, and private educational services.

Who is hiring RNs and NPs in 2023?

Hospitals and outpatient care centers will be the top employers for RNs and NPs in 2023 and beyond.

Another area that is booming and in need of qualified RNs and NPs is telemedicine. Hospitals and healthcare organizations relied heavily on the remote medical service option during the height of the COVID-19 pandemic, with many continuing to offer it as an option.

Another area of growth for NPs is psychiatric mental health. Even before a global pandemic placed focus on Americans’ mental health, psychiatric mental health NPs were in demand.

As people struggle to cope with COVID-19 and other stressors in life, vacancies for this specialized NP position are expected to keep pace with demand.

Staying competitive in the workplace

RNs and NPs who wish to remain competitive in the workplace can enroll in continuing education classes (CEU) to sharpen existing skills while learning new ones. CEUs are required for nurses to maintain professional licensure in all but 13 states, but they can also be used to enrich learning at any time. RNs and NPs can take advantage of Incredible Health’s free CEUs for nurses. All courses are American Nurses Credentialing Center (ANCC)-accredited and offered online.

Nursing Job Outlook FAQs