The following information is from the 2010-2011 Edition of the Occupational Outlook Handbook, which is published by the U.S. Bureau of Labor Statistics:
Employment of pharmacists is expected to grow by 17 percent between 2008 and 2018, which is faster than the average for all occupations. The increasing numbers of middle-aged and elderly people—who use more prescription drugs than younger people—will continue to spur demand for pharmacists throughout the projection period. In addition, as scientific advances lead to new drug products, and as an increasing number of people obtain prescription drug coverage, the need for these workers will continue to expand.
Pharmacists also are becoming more involved in patient care. As prescription drugs become more complex, and as the number of people taking multiple medications increases, the potential for dangerous drug interactions will grow. Pharmacists will be needed to counsel patients on the proper use of medication, assist in drug selection and dosage, and monitor complex drug regimens. This need will lead to rapid growth for pharmacists in medical care establishments, such as doctors’ offices, outpatient care centers, and nursing care facilities.
Demand also will increase in mail-order pharmacies, which often are more efficient than pharmacies in other practice settings. Employment also will continue to grow in hospitals, drugstores, grocery stores, and mass retailers, because pharmacies in these settings will continue to process the majority of all prescriptions and increasingly will offer patient care services, such as the administration of vaccines.
Job prospects are expected to be excellent over the 2008–18 period. Employers in many parts of the country report difficulty in attracting and retaining adequate numbers of pharmacists—primarily the result of the limited training capacity of Pharm.D. programs. In addition, as a larger percentage of pharmacists elects to work part time, more individuals will be needed to fill the same number of prescriptions. Job openings also will result from faster than average employment growth and from the need to replace workers who retire or leave the occupation for other reasons.
Median annual wages of wage and salary pharmacists in May 2008 were $106,410. The middle 50 percent earned between $92,670 and $121,310 a year. The lowest 10 percent earned less than $77,390, and the highest 10 percent earned more than $131,440 a year.