Posts Tagged Bureau of Labor Statistics

Your pay depends on where you live in USA

U.S. Bureau of Labor Statistics: Comparisons of pay between metropolitan areas in 2009

This should come as a no surprise – your earnings from the same job or occupation can vary significantly, even within the same country. Based on a report from the Bureau of Labor Statistics of the U.S. Department of Labor, your pay depends on where you live and work in America.

The variations are quite noticeable from city to city. For example, the average pay for a civilian workers in the San Jose-San Francisco-Oakland, CA metropolitan area was 20 percent above the national average in 2009.

This National Compensation Survey (NCS) study includes 77 different metropolitan areas. The chart below is a pictorial view of the pay relation for some of the cities across USA. In this survey, the term ‘pay’ includes all the wages, salaries, commissions, and production bonuses.


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Employment Picture for US Families

USA Employment Characteristics of Families Summary, U.S. Bureau of Labor Statistics Release; May 27, 2010

As the country struggles with high unemployment rate, more and more families are impacted by the current economic downturn. Here are some interesting facts from U.S. Bureau of Labor Statistics (US Department of Labor) on family level employment in USA:

  • More and more families have at least one of the family member out of work.
  • The share of families with an unemployed member rose from 7.8 percent in 2008 to 12.0 percent in 2009.
  • The proportion of families with an unemployed member in 2009 was at its highest level since the data tracking began in 1994.
  • Of the nation’s 78.4 million families, 80.4 percent had at least one employed member in 2009, down by 1.8 percentage points from 2008.
  • There were 9.4 million families with at least one unemployed member in 2009, up from 6.1 million in 2008. in 2009.
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Change in US Labor Force by Race and Ethnicity

Source: US Bureau of Labor Stats

Source: US Bureau of Labor Stats

“Making informed career decisions requires reliable information about opportunities in the future. Opportunities result from the relationships between the population, labor force, and the demand for goods and services.”  ~ U.S. Department of Labor, Bureau of Labor Statistics

The U.S. Department of Labor, Bureau of Labor Statistics has a very comprehensive report on jobs and occupations in USA. The report outlines various aspects of job situations and provides projections on the jobs outlook.

The term labor force or work force includes all the people either working or looking for work. Over the next 10 years,  based on the population growth and job outlook, the report also includes the change in the labor force for different races. This chart here has a graphical view of change in labor force by race and ethnic origin comparing 2008  employment to the projection for 2018. Note that there is no separate category for ‘Indian Americans’; in this study, they are part the ‘Asian’ group.

Some of the Highlights of the report are:

  •  The U.S. workforce is expected to become more diverse by 2018.
  • Among racial groups, Whites are expected to make up a decreasing share of the labor force, while Blacks, Asians, and all other groups will increase their share.
  • The Asian work force is expected to rise from 4.7 percent to 5.6 percent, a relative growth of 25 percent over 10 years.
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USA Employment Projections for 2008-2018

The U.S. Bureau of Labor Statistics (BLS) reported on Dec. 10, 2009 that, during the 2008 to 2018 period, the total employment in America is projected to increase by 15.3 million, or 10.1 percent.

These are very interesting projections; and good news at the times when jobs are scarce. Some of the key highlights of the study are:

  • 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.
  • Occupations where a post-secondary 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 which began in December 2007, and the projected growth rate is higher than would otherwise be expected because the 2008 starting point is a recession year.

This report focuses on four areas for which BLS develops projections–labor force, industry employment, occupational employment, and education and training. Read the rest of this entry »

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Education levels for the fastest growing jobs!

Fastest growing jobs and occupations by the level of education

“Learning is what most adults will do for a living in the 21st century.” ~ Perelman

Education is the foundation for any profession or a career. The skills acquired and the learning experience during education often determine the level of success for any individual. A study by the Bureau of Labor Statistics, a division of US Depart of Labor, lists the fastest growing occupations by the level of education and on the job training: Read the rest of this entry »

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