Tag Archives: US Labor Force

2010-2020 US Labor Force forecast by race, ethnic groups and by age

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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.

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US Employment forecast by industry: 2010-2020

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2010 to 2020: US Jobs and Employment change projections by industry

Based on U.S. Bureau of Labor Statistics (BLS), the total employment is expected to increase by 14 percent from 2010 to 2020. However, the 20.5 million jobs expected to be added by 2020 will not be evenly distributed across major industry and occupational groups. Changes in consumer demand, improvements in technology, and many other factors will contribute to the continually changing employment structure of the U.S. economy.

The underlying analysis (of BLS employment projections) uses currently available information to focus on long-term structural changes in the economy. This post examines the projected employment change within the industries:

Service-providing industries

The employment shift in the U.S. economy away from goods-producing in favor of service-providing industries is expected to continue. Service-providing industries are anticipated to generate nearly 18 million new wage and salary jobs. As with goods-producing industries, growth among service-providing industries will vary (Chart 5 below).

Healthcare and social assistance: The healthcare and social assistance industry is projected to create about 28 percent of all new jobs created in the U.S. economy. This industry—which includes public and private hospitals, nursing and residential care facilities, and individual and family services—is expected to grow by 33 percent, or 5.7 million new jobs. Employment growth will be driven by an aging population and longer life expectancies, as well as new treatments and technologies.

Professional, scientific, and technical services: Employment in professional, scientific, and technical services is projected to grow by 29 percent, adding about 2.1 million new jobs by 2020. Employment in computer systems design and related services is expected to increase by 47 percent, driven by growing demand for sophisticated computer network and mobile technologies. Employment in management, scientific, and technical consulting services is anticipated to expand, at 58 percent. Demand for these services will be spurred by businesses’ continued need for advice on planning and logistics, the implementation of new technologies, and compliance with workplace safety, environmental, and employment regulations. Combined, the two industries—computer systems design and related services and management, scientific, and technical consulting services—will account for more than half of all new jobs in professional, scientific, and technical services. Continue reading →

2010–2020 Projections: US Population and Labor Force

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The US Bureau of Labor Statistics (BLS, the Bureau) is the principal fact-finding agency for the Federal Government in the broad field of labor economics and statistics. The latest study on 2010-2020 projections correlates the overall employment with the US population.

  • Shifts in the size and composition of the population can influence the U.S. economy.
  • Several factors, including slower population growth, an aging population, and increasing diversity, are expected to affect the population over the coming decade.
  • The U.S. civilian non-institutional population, including individuals ages 16 and older, is expected to increase by 25.2 million from 2010 to 2020 (Chart 1).
  • For the labor force, the projected growth rate of 10.6 percent is far less compared to last two decades (1990–2000 period and the 2000-10 period).

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Change in US Labor Force by Race and Ethnicity

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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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