16 million American jobs to be added in the next 10 years
Posted on December 20th, 2013 Read time: 1 minutes
Employment in the future looks positive as a new report from the U.S. Bureau of Labor Statistics projected the U.S. will add 16 million jobs within the next 10 years.
The report looked at the decade range of 2012 to 2022 and projected there will be a 10.8 percent increase in jobs during the ten-year frame. Jobs in the healthcare and social assistance sectors were projected to have the largest increase. The report said the healthcare and social assistance industry will add 580,000 personal care aid positions within the next decade and have an annual job rate growth of 2.6 percent. The report attributes this rate to healthcare requirements for baby boomers and the increase of health insurance coverage.
Jobs for the construction industry also were forecasted to have 2.6 percent annual job growth and education services will grow at 1.9 percent a year.
Although the ten-year span looks to have a healthy growth rate, some industries were forecasted to slow down. The report said civilian labor force jobs will only increase by 0.5 percent per year. This is a decrease from the last employment projection of 2002 and 2012 which predicted a 0.7 percent annual increase.
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Posted on December 20th, 2013 Read time: 1 minutes
Employment in the future looks positive as a new report from the U.S. Bureau of Labor Statistics projected the U.S. will add 16 million jobs within the next 10 years.
The report looked at the decade range of 2012 to 2022 and projected there will be a 10.8 percent increase in jobs during the ten-year frame. Jobs in the healthcare and social assistance sectors were projected to have the largest increase. The report said the healthcare and social assistance industry will add 580,000 personal care aid positions within the next decade and have an annual job rate growth of 2.6 percent. The report attributes this rate to healthcare requirements for baby boomers and the increase of health insurance coverage.
Jobs for the construction industry also were forecasted to have 2.6 percent annual job growth and education services will grow at 1.9 percent a year.
Although the ten-year span looks to have a healthy growth rate, some industries were forecasted to slow down. The report said civilian labor force jobs will only increase by 0.5 percent per year. This is a decrease from the last employment projection of 2002 and 2012 which predicted a 0.7 percent annual increase.
