Employment Outlook: 2010-20 Employment Projections Program Presented by the Bureau of Labor Statistics March 16, 2012

Welcome to Workforce3 One!

Submitting Questions: Open Chat Drop-Down Menu To submit a question, type the question in the text field and press your Enter/Return key. Please enter the name to whom the question is directed. To send questions only to the presenters, select Presenters from the drop-down menu before pressing your Enter/Return key. Change Text Size and Chat Color… Text Field

Submitting Questions: Closed Chat To submit a question, type the question in the text field and press your Enter/Return key. Please enter the name to whom the question is directed. Your name and your question will appear on your screen, indicating successful submission. Questions are directly transmitted to presenters—no other participants will see your questions. Text Field Gary, where can I find today’s PPT?

Practice In the Chat Room, please type the name of your organization, your location, and how many people are attending with you today.

How To Participate in a Poll

Access to Webinar Resources Recordings and transcripts are available within 2 business days after the event. Access to Webinar Resources

Presenters Presenters: Dixie Sommers James Franklin Bureau of Labor Statistics Alexandra Hall State of Colorado Moderator: Samuel Wright Employment and Training Administration

Introduction of Presenters Dixie Sommers Assistant Commissioner for Occupational Statistics and Employment Projections Bureau of Labor Statistics James Franklin Chief, Division of Industry Employment Projections Bureau of Labor Statistics Alexandra Hall Director, Labor Market Information State of Colorado

Overview Background information Population and labor force Economic and Industry growth Occupational growth National Projections is a key input for State Projections

Employment Projections Background 10-year projections made every 2 years 2010-20 projections cover over 700 occupations and 300 industries Projections are used to produce the Occupational Outlook Handbook—which has been published since 1949

Bureau of Labor Statistics Employment Projections Products Occupational Outlook Handbook Occupational Outlook Quarterly Long-term employment projections by industry and occupation Technical materials— replacement rates, education and training categories, and more

Employment Outlook: 2010-20 Population and Labor Force Growth

Population and Labor Force 2000 2010 Projected 2020 2000 2010 Projected 2020 Population Data Source: U.S. Census Bureau

Population Growth Rate Annual rates of change Population Data Source: U.S. Census Bureau

Labor Force Participation Rates Percent

Labor Force Share by Age Group

Labor Force Share by Race

Labor Force Share by Ethnicity

Labor Force Growth by Race and Ethnicity Change in millions, projected 2010-20

Economic and Industry Growth Employment Outlook: 2010-20 Economic and Industry Growth

Real Gross Domestic Product Growth Annual rate of change Historic Data Source: U.S. Bureau of Economic Analysis

Nominal GDP by Component Percent of GDP Historic Data Source: U.S. Bureau of Economic Analysis

Employment

Total Nonfarm Payroll Employment In millions NOTE: BLS does not project specific data for years to 2020. The interim years between 2010 and the 2020 projection point are expressed by a straight dashed line only.

Employment and Output: 2010 Percent distribution

Employment by Industry Sector: 2010 Thousands of wage and salary jobs Service providing Goods producing

Percent Change in Employment by Industry Sector: Projected 2010-20 Annual rate of change for wage and salary employment Total nonagricultural wage and salary growth= 1.4% Service providing Goods producing

Employment Change by Industry Sector: Projected 2010-20 Thousands of wage and salary jobs Service providing Goods producing

Occupational Employment Employment Outlook: 2010-20 Occupational Employment

Employment by Major Occupational Group: 2010 Thousands of jobs (Continued on next slide)

Employment by Major Occupational Group: 2010 Thousands of jobs (Continued)

Percent Change in Employment by Major Occupational Group Projected 2010-20 Average, all occupations = 14.3% (Continued on next slide) 33

Percent Change in Employment by Major Occupational Group Projected 2010-20 (Continued) Average, all occupations = 14.3%

Employment Change by Major Occupational Group Thousands of jobs, projected 2010-20 (Continued on next slide)

Employment Change by Major Occupational Group Thousands of jobs, projected 2010-20 (Continued)

Employment Trends for Occupational Groups whose Employment Declined 2006-10 Percent of 2006 employment NOTE: BLS does not project specific data for years to 2020. The interim years between 2010 and the 2020 projection point are expressed by a straight dashed line only.

Employment Trends for Occupational Groups with Little Employment Change 2006-10 Percent of 2006 employment NOTE: BLS does not project specific data for years to 2020. The interim years between 2010 and the 2020 projection point are expressed by a straight dashed line only.

Employment Trends for Occupational Groups whose Employment Increased 2006-10 Percent of 2006 employment NOTE: BLS does not project specific data for years to 2020. The interim years between 2010 and the 2020 projection point are expressed by a straight dashed line only.

Job Openings by Major Occupational Group Thousands of job openings, projected 2010-20 (Continued on next slide)

Job Openings by Major Occupational Group (Continued) Thousands of job openings, projected 2010-20

Fastest Growing Occupations Median annual wages, May 2010 $19,640 $20,560 $81,540 $27,780 $25,760 $29,710 $38,430 $49,690 $26,740 $45,260 Percent change, projected 2010-20

Occupations with the Largest Job Growth Median annual wages, May 2010 $64,690 $20,670 $20,560 $19,640 $26,610 $17,950 $30,460 $37,770 $23,460 $45,690 Thousands of jobs, projected 2010-20

Occupations with the Most Job Openings Median annual Wages, May 2010 $20,670 $18,500 $18,330 $64,690 $17,950 $26,610 $23,460 $30,460 $20,560 $22,210 Thousands of job openings, projected 2010-20

Education and Training Classification New classification system introduced with 2010- 20 projections Consists of three categories of information for each occupation: Typical education needed for entry Work experience in a related occupation Typical on-the-job training needed to attain competency in the occupation

Employment by Typical Entry-level Education Category: 2010 Median annual Wages, May 2010 $87,500 $60,240 $63,430 $61,590 $34,220 $44,350 $34,180 $20,070 Thousands of jobs

Percent Change in Employment by Typical Entry-level Education Category Average, all occupations = 14.3% Percent change, projected 2010-20

Employment Change by Typical Entry-level Education Category Thousands of jobs, projected 2010-20

Bachelor’s Degree Occupations with the Largest Job Growth Median annual wages, May 2010 N I/R $51,660 $61,690 1-5 $78,160 $87,790 $94,180 $77,740 $60,570 $51,960 $69,160 $53,230 Thousands of jobs, projected 2010-20

High School Diploma Occupations with the Largest Job Growth Median annual wages, May 2010 N S $26,610 $30,460 1-5 $37,770 $19,300 M $34,030 $25,240 $52,440 $30,530 $47,460 A $39,530 Thousands of jobs, projected 2010-20

Contact Information Dixie Sommers James Franklin Employment Projections Program www.bls.gov/emp 202-691-5700 ep-info@bls.gov

Please enter your questions into the Chat Room! Question and Answer Period Please enter your questions into the Chat Room!

Share Your Ideas with Your Peers! You have the option to submit content for review by uploading the resource or providing a link to the resource. Share your demand-driven strategic plans, models, innovations, resources, and ideas!

Access to Webinar Resources Recordings and transcripts are available within 2 business days after the event. Access to Webinar Resources

Stay Informed, Get Connected!

THANKS! www.workforce3one.org For more information about the Workforce Investment System: Visit www.careeronestop.org Call 1-877-US2-JOBS THANKS! www.workforce3one.org