January 04, 2010
Service-providing sectors are projected to generate almost all of the employment gain from 2008 to 2018.
Two of these sectors—professional and business services and health care and social assistance services—are expected to generate 8.2 million jobs over the period, more than half the increase in total employment. Projected employment growth in the leisure and hospitality sector and in the State and local government sector will contribute an additional 2.7 million jobs by 2018.
Employment declines are projected in only one service-providing sector—utilities—where employment is expected to decline by 59,000 jobs over the period.
Within the goods-producing sectors, the only sector projected to show employment growth over the projection period is construction, which is expected to add 1.3 million jobs and reach 8.6 million by 2018.
The job gains in the construction sector will be almost entirely offset by the projected 1.2-million decline in manufacturing employment during the 2008–18 period. The manufacturing sector's seemingly large employment loss still represents a contrast to what was experienced during the previous decade when the sector lost 4.1 million jobs. Employment in mining is projected to decline 103,800 from its 2008 level.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employment projections for major industries, 2008-18 on the Internet at http://www.bls.gov/opub/ted/2010/ted_20100104.htm (visited January 29, 2015).
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