With the US economy humming, the living is easy – or is it? Although there has been a steady increase in employment and an increase in real wages, there are still some that worry about threats to employment – with outsourcing topping the list.
How many Americans are working (Total) BLS
June 2006: 143.2 million
May 2005: 141.5 million
May 2004: 139 million
As a percentage of the whole (non-institutionalized) population: BLS
Number of jobs created in (BLS):
Number of new jobs needed to keep up with population growth (WP):
150 thousand (rough estimate generally agreed upon by economists).
- wage growth - in constant dollars (that is, taking into account inflation) over 12 months
source: BLS (pdf)
Where the Jobs are at
We're sorry to inform you that citizenJoe is not a career counselor. Heck, we're all working for free - so we are not the best source for job tips. What we can do, however, is list the some hot jobs and what fields are growing.
What kind of work we're doing now BLS:
- Government: 21.6 million;
- Wholesale and retail trade: 20.5 million;
- Education and health services: 16.6 million;
- Professional and business services: 16 million;
- Manufacturing: 14.5 million;
- Leisure and hospitality: 12.1 million;
- Financial activities: 8 million;
- Construction: 6.7 million;
- Transportation and utilities: 5 million;
- Information: 3.2 million;
- Agriculture and related Industries: 2.3 million.
What we were doing ten years ago BLS:
- Government: 19.3 million;
- Wholesale and retail trade: 18.7 million;
- Manufacturing: 17 million;
- Education and health services: 12.8 million;
- Business and professional services: 12.2 million;
- Leisure and hospitality: 10.1 million;
- Financial activities: 6.9 million;
- Construction: 5.1 million;
- Transportation and utilities: 4.4 million;
- Information: 2.7 million.
Which jobs are growing/disappearing (BLS's projections for growth from 2002- 2012):
- Education and health services: +32%;
- Professional and business services: +30%;
- Information: +19%;
- Leisure and hospitality: +18%;
- Construction: +15%;
- Wholesale and retail trade: +11% (wholesale) +13% (retail);
- Financial activities: +12%;
- Government: +0.4% (feds), +13% (state and local;
- Transportation and utilities: +21% (transportation) -6% (utilities);
- Manufacturing: -1%.
The Top Five Jobs That Will Have the Most Net Gains Through 2012: CNN
- Teachers (K-12)- 724,000
- Registered Nurses- 623,000
- Post-secondary Teachers- 603,000
- Customer Service Reps- 458,000
- Computer Support- 420,000
Top Five Fastest Growing Fields CNN
- Network systems & Communication Analysts- 57%
- Physician Assistants- 48.9%
- Software engineers- 45.5%
- Physical Therapist Assistants- 44.6%
- Fitness Trainers- 44.5%
Where the facts are from
BLS - Bureau of Labor Statistics - government site
OMB - Office of Management and Budget - government site
Washington Post - mainstream media
Sources of note: For job growth data going back 60 years, see the Bureau of Labor Statistics. The Washington Post also has a cool graphic on unemployment. The GAO has an overview of the outsourcing (pdf) debate.
Facts pulled together by Vincent Greco. Last updated July 1, 2005
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