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According to a 2016 article in the wall street journal, "after years of relative equilibrium, the job market for nurses is heating up in many markets, driving up wages and sign-on bonuses for the nation’s fifth-largest occupation. " many nurses who had delayed their retirement due to the 2008 recession began to retire, resulting in a retirement wave that caused nurses to exit the workforce in greater numbers than new nurses were entering. At the same time, demand for nurses had increased due to the additional health care coverage associated with job growth over the previous decade since the recession and the affordable care act.
According to a 2016 article in the wall street journal, "after years of relative equilibrium, the job market for nurses is heating up in many markets, driving up wages and sign-on bonuses for the nation’s fifth-largest occupation. " many nurses who had delayed their retirement due to the 2008 recession began to retire, resulting in a retirement wave that caused nurses to exit the workforce in greater numbers than new nurses were entering. At the same time, demand for nurses had increased due to the additional health care coverage associated with job growth over the previous decade since the recession and the affordable care act.
Final answer:Thenursingjob market saw drastic changes in 2016 beyond its conventional equilibrium. Various factors like increased retirements and expandedhealthcare coverage resulted in higher demand for nurses. Consequently, wages and sign-on bonuses for nursing jobsincreased.Explanation:The job market for nurses witnessed significant changes around2016,indicated by a Wall Street Journal article. The equilibrium that had characterized themarketwas disrupted as several factors came into play - the retirement wave of nurses who delayed their retirement due to the2008recession increased the exit numbers, creating vacancies. At the same time, health care coverage expanded due to job growth over the previous decade and theimplementationof theAffordableCare Act, which led to an increased demand for nurses. The combination of these occurrences made the nursing market highly competitive, and this was reflected through heightenedwagesand sign-on bonuses for the nation's fifth-largest occupation.Learn more about Nursing Job Market here:brainly.com/question/33212806#SPJ6...