March 14, 2000
Job openings stem from both replacement needs and employment growth. Replacement needs are expected to account for 63 percent of the approximately 55 million job openings between 1998 and 2008, according to BLS projections.
Professional specialty occupations are projected to grow faster and add more jobs than any other occupational group, with 5.3 million new jobs by 2008. In addition, professional specialty occupations are expected to have 3.9 million job openings due to replacement needs, making this the only major occupational group to have more openings from job growth than replacement needs.
Due to high replacement needs, service occupations are projected to have the largest number of total job openings, 11.1 million. Of these total openings, 3.9 million are expected to be due to job growth and the remainder are expected to be due to replacement. Replacement needs are generally the greatest in the largest occupations and in those with relatively low pay or limited training requirements.
Replacement needs arise as workers leave occupations—some transfer to other occupations while others retire, return to school, or quit to assume household responsibilities. Employment growth refers to job openings that are due to the growth of the economy.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Total job openings, 1998-2008: replacement and growth on the Internet at http://www.bls.gov/opub/ted/2000/mar/wk2/art02.htm (visited July 31, 2015).
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.