I read and arcitle and it says in 2015 pharmacists supply> demand. That long? I actually can see the oversupply is already reached...which is NOW. Okay, of course there will be openings still, but those are "hard to staff" areas. What happens when pharmacists can't get a job in "good" area? Well, then they have to staff at those "hard to staff" areas. What happens when those hard to staff areas now fully staffed? You're talking about oversupply....then....which is probably NOW.
Too many pharmacy schools...Back in 2004, i remember we had around 81 schools. How many nows? 110 schools?
Say each school produces 100 pharmacists/year (some like USC has more than 200 students/class), then we have around 110 x100 = 11000 new pharmacists per year.
Projections data from National Employment shows that we have 243,000 pharmacist jobs in 2006 and they expect to increase up to 296,000 in 2016.
So 10 yrs job opening spots = 296,000-243,000 = 53,000 jobs opening through out 10 yrs. Back to reality: how many graduating over 10 yrs? 11000/year x10 = 110000 newly producing pharmacists over 10 yrs. So the ratio is like 1:2 , which means 1 job openning, 2 pharmacists applying and 1 get the job, the other is unemployed....
That i haven't talked about people don't wanna retire and work part-time....And with this economy trend, it will continue to get worse.