2010 to 2020 US Jobs and Employment projections by race, ethnic groups and by age
Just like the US population, the American labor force is growing more slowly, becoming older and more diverse. U.S. Bureau of Labor Statistics (BLS) study outlines the jobs and employment projections by race, ethnic groups and by age.
In these stats, the labor force is composed of all persons 16 years and older in the civilian noninstitutional population who either are employed or are unemployed but available and looking for work.
Here are the key highlights (Click on the charts on the right for bigger legend):
The civilian labor force is projected to reach 164.4 million by 2020, an increase of 6.8 percent.
The U.S. workforce is projected to become more diverse by 2020.
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 (Chart 2).
Among ethnic groups, persons of Hispanic origin are projected to increase their share of the labor force from 14.8 percent to 18.6 percent.
The Asians are projected to increase their share of the labor force from 4.7 percent to 5.7 percent.
“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.
The interesting facts and the information below are based on a report from US Department of Labor and the U.S. Bureau of Labor Statistics. Their report ‘Labor Force Characteristics by Race and Ethnicity, 2008′ is compiled for the year 2008; however, the picture painted below is probably not far from what we have today, in 2009.
Also, note that there is no separate category for ‘Indian Americans’; in this study, they are part the ‘Asian’ group. Here are the key highlights from the US Department of Labor report:
Occupation and industry
Compared to Asians and whites, blacks and Hispanics are less likely to be in management, professional, and related occupations—the highest paying major job category.
In 2008, half of Asian men worked in management, professional, and related occupations, compared with only 34 percent of white men, 23 percent of black men, and 15 percent of Hispanic men.
Among women, in 2008, Asians were more likely than other groups to be employed in management, professional, and related jobs.
About 46 percent of Asian women were employed in management and professional occupation group, compared with about 41 percent of white women, 31 percent of black women, and 24 percent of Hispanic women. In contrast, 64 percent of Hispanic women worked in service jobs and in sales and office jobs, compared with about 60 percent of black women, 53 percent of white women, and 46 percent of Asian women.
Asians accounted for 5 percent of all employed workers but made up a much larger share of workers in several job categories, including computer software engineers (29 percent); physicians and surgeons (17 percent); and electrical, electronics, and electromechanical assemblers (18 percent).
Asians were over-represented in professional and business services, in manufacturing, and in leisure and hospitality.
Unemployment and not in the labor force
Among the major race and ethnic groups, Asians had the lowest unemployment rate of 4.0% in 2008. The blacks had the highest rate at 10.1 percent, 7.6 percent for Hispanics and 5.2 percent for whites.
The unemployment rates were 4.9 percent for white adult men and 4.4 percent for white adult women. The jobless rates for Asian adult men and women were 3.9 and 3.5 percent, respectively. However, the rates for black adult men and women were 10.2 and 8.1 percent, respectively.
Teenagers (ages 16 to 19) are especially vulnerable to joblessness. In 2008, black teenagers had the highest unemployment rate among the major race and ethnicity groups at 31.2 percent, compared with 22.4 percent for Hispanics, 16.8 percent for whites, and 14.6 percent for Asians.
Unemployed blacks have been jobless for longer periods than unemployed workers in other groups. In 2008, the median duration of unemployment for blacks was 12.1 weeks, compared with 10.2 weeks for Asians, 8.8 weeks for whites, and 8.4 weeks for Hispanics.
About 90 percent of blacks and Asians in the labor force had received at least a high school diploma, the same proportion as whites. However, only about 68 percent of Hispanics had completed high school.
Asians were most likely to have graduated from college; 58 percent had a bachelor’s degree or higher, compared with 34 percent of whites, 24 percent of blacks, and 16 percent of Hispanics.
For all the groups, higher levels of education are associated with a greater likelihood of being employed.
Individuals with higher levels of education generally have better access to higher paying jobs. However, at nearly every level of education, blacks and Hispanics were more likely to be unemployed in 2008 than Asians or whites. Go figure!