More rays of light are emerging for U.S. nonprofit hospitals on the labor front, according to the latest from Fitch Ratings, with hospital and ambulatory healthcare services payrolls having risen for 14 and 26 consecutive months, respectively, as of March.

Monthly job additions are also up 15,150 and 24,300 per month, respectively, between March 2022 to February 2023. This, said Fitch Ratings Director Richard Park, points to the potential of alleviating labor market pressure.

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