RN vs. LPN Job Growth Rate
The job outlook for Registered Nurses, Licensed Practical and Licensed Vocational Nurses is looking great as both occupations have a faster than average forecasted growth rate through 2020 reported by the U.S. Department of Labor statistics.
The Bureau of Labor Statistics projects RN employment growth of 26% between 2010 and 2020, adding 711,900 more positions in the healthcare industry. (The average growth rate for all occupations is 14%.) Registered Nurses can enter the workforce after earning an Associate's degree and current median pay for RN's is $64,690/year.
The projected job growth rate for Licensed Practical and Licensed Vocational Nurses is also higher than average at 22% which will add 168,500 more jobs in these fields by 2020. LPNs or LVNs work under the direction of registered nurses and provide basic healthcare to patients. The median pay for this occupation is $40,380/year and completion of a state-approved educational program is required to enter the field.