Transcription of EMPLOYMENT PROJECTIONS — 2019-2029
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EMPLOYMENT PROJECTIONS — 2019-2029
For release 10:00 (EDT) Tuesday, October 24, 2017 USDL-17-1429 Technical information: (202) 691-5700 Media contact: (202) 691-5902 (NOTE: This news release was reissued on January 30, 2018, to correct the projection of self-employed workers for all detailed occupations. Text in the Occupational EMPLOYMENT section and charts 1 and 5 were affected.) EMPLOYMENT PROJECTIONS 2016-26 EMPLOYMENT is projected to increase by million over the 2016-26 decade, an increase from million to million, the Bureau of Labor Statistics reported today. This growth percent annually is faster than the percent rate of growth during the 2006 16 decade, a period heavily affected by the 2007 09 recession. Health care industries and their associated occupations are expected to account for a large share of new jobs projected through 2026, as the aging population continues to drive demand for health care services.
• Real Gross Domestic Product (GDP) is projected to continue growing during the 2019-29 period, although at a slower rate than it has historically, at 1.8 percent annually compounded through the projections period. • Based on the outlook for business investment and …
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