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The end-of-year estimate becomes the starting value for the next year’s projections.
To estimate the number of RNs active in the health workforce and the number of fulltime equivalent (FTE) RNs employed in healthcare, the model projects the number of licensed RNs and then applies workforce participation rates. In computing FTE RNs, nurses who work fulltime are counted as one FTE, while nurses who report working part time or for only part of the year are counted as one-half of an FTE. If wages for nursing services increase relative to wages in alternative occupations, then, all else being equal, nursing becomes a more attractive career...
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