Labor releases employment forecast
WASHINGTON — Total employment is projected to increase by 15.3 million, or 10.1 percent, during the 2008-18 period, the U.S. Bureau of Labor Statistics reports.
The projections show an aging and more racially and ethnically diverse labor force, and employment growth in service-providing industries. More than half of the new jobs will be in professional and related occupations and service occupations. In addition, occupations where a postsecondary degree or award is usually required are expected to account for one-third of total job openings during the projection period. Job openings from replacement needs — those which occur when workers who retire or otherwise leave their occupations need to be replaced — are projected to be more than double the number of openings due to economic growth.
The projected growth for the 2008-18 period is larger than the increase of 10.4 million over the 1998-2008 period, or 7.4 percent. The relatively slow growth rate for the earlier 10-year period was affected by the recession, and the projected growth rate is higher than would otherwise be expected because the 2008 starting point is a recession year.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- DAVID DALLAS — Just how long can Dan stand?
- BILL CRAWFORD: Dan Jones not the angel he is portrayed to be
- Chancery judge delays JRA bond approval for Jackson's Westin hotel
- KILL BILL: Common Core death knell heads to Gov. Bryant's desk
- The Dan Jones-IHL saga: Is this the story that started it all?
- Keeping our eye on: Neal Stephens
- Cal-Maine income skyrockets as prices rise and costs shrink
- DAVID DALLAS — From Dan and Dixie with love
- Business groups file briefs in support of Kemper coal plant rehearing