1. Montana Employment Projections
AMY WATSON
Senior Economist
MT Dept. of Labor and Industry |
Presented to the HWAC
December 10th, 2018

2. What are Employment Projections?
An estimate of future employment levels based on historical data and analyst insight.
Produced over a 2-year and 10-year timeframe.
By Industry, Occupation, and Region
Every state is required to produce their own estimates based on methodology defined by BLS

3. 0.7% long-term employment growth 3,900 jobs per year through 2027
Statewide Growth
0.7% long-term employment growth
3,900 jobs per year through 2027
Employment growth faster than labor force growth
Unemployment falls to 3.4% by 2027

4. Regional Employment Growth
The fastest employment growth is projected in the most populated regions.
Source: MTDLI Employment Forecasts.

5. Employment Growth by Industry
Source: MTDLI Employment Forecasts.

6. Healthcare Employment Growth
Industry
Historical Growth Rate
Annual Growth Rate
Annual Growth Rate
Average Job Gain Per Year
Average Job Gain Per Year
Healthcare
2.7%
1.9%
1.5%
1,358
1,213
Accommodation & Food Services
2.2%
0.7%
1.0%
353
537
Construction
3.6%
2.1%
1.4%
584
433
Professional
3.8%
1.6%
1.7%
343
399
Retail Trade
0.2%
0.5%
135
291
Total Employment
1.1%
3,579
3,929
Source: Historic data from QCEW with an estimate added for railroad employment. Total employment from LAUS. Projected data from the MTDLI Employment Forecasts.

7. Healthcare Employment Growth
1.9%
2.4%
0.9%
2.0%
Source: Historic data from QCEW with an estimate added for railroad employment. Total employment from LAUS. Projected data from the MTDLI Employment Forecasts.

8. Healthcare Employment Growth
0.7%
2.2%
0.4%
2.1%
2.1%
Source: MTDLI Employment Forecasts.

9. Top 12 Healthcare Jobs
Source: MTDLI Employment Forecasts.

10. Top 12 Non-Healthcare Jobs
Source: MTDLI Employment Forecasts.

11. lmi.mt.gov/Publications
The full publication is available for download on our website under publications:
lmi.mt.gov/Publications