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.
“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.