BLS report: Employment is projected to grow by 11.5 million from 2016 to 2026, led by health care

[mahatmakanejeeves]

Employment is projected to grow by 11.5 million from 2016 to 2026, led by health care

Economic News Release USDL-17-1429

Employment Projections: 2016-26 Summary
For release 10:00 a.m. (EDT) Tuesday, October 24, 2017

Technical information: [phone] * [e-mail] * www.bls.gov/emp
Media contact: [phone] * [e-mail]


EMPLOYMENT PROJECTIONS -- 2016-26


Employment is projected to increase by 11.5 million over the 2016-26 decade, an increase from 156.1 million to 167.6 million, the U.S. Bureau of Labor Statistics reported today. This growth--0.7 percent annually--is faster than the 0.5 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. The labor force will continue to grow slowly and to become older and more diverse. The aging population is projected to result in a decline in the overall labor force participation rate over the 2016 to 2026 decade.

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Occupational Outlook Handbook

The projections are the foundation of the BLS Occupational Outlook Handbook (OOH), one of the nation's most widely used career information resources. The OOH reflects BLS employment projections for the 2016–26 decade. The updated OOH is available online at www.bls.gov/ooh.

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[elehhhhna]

1. This is not going to happen with the ACA being up in the air

[Thomas Hurt]

2. shouldn't have released this information, now Trump is going to try to take credit for

baby boomers getting old.