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Employment Outlook: Employment Projections Program

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Presentation on theme: "Employment Outlook: Employment Projections Program"— Presentation transcript:

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

2 Welcome to Workforce3 One!

3 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

4 Submitting Questions: Closed Chat
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5 Practice In the Chat Room, please type the name of your organization, your location, and how many people are attending with you today.

6 How To Participate in a Poll

7 Access to Webinar Resources
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8 Presenters Presenters: Dixie Sommers James Franklin Bureau of Labor Statistics Alexandra Hall State of Colorado Moderator: Samuel Wright Employment and Training Administration

9 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

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

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

12 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

13 Employment Outlook: Population and Labor Force Growth

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

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

16 Labor Force Participation Rates
Percent

17 Labor Force Share by Age Group

18 Labor Force Share by Race

19 Labor Force Share by Ethnicity

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

21 Economic and Industry Growth
Employment Outlook: Economic and Industry Growth

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

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

24 Employment

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

26 Employment and Output: 2010
Percent distribution

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

28 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

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

30 Occupational Employment
Employment Outlook: Occupational Employment

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

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

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

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

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

36 Employment Change by Major Occupational Group
Thousands of jobs, projected (Continued)

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

38 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 The interim years between 2010 and the 2020 projection point are expressed by a straight dashed line only.

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

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

41 Job Openings by Major Occupational Group
(Continued) Thousands of job openings, projected

42 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

43 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

44 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

45 Education and Training Classification
New classification system introduced with 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

46 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

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

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

49 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

50 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

51 Contact Information Dixie Sommers James Franklin Employment Projections Program

52 Please enter your questions into the Chat Room!
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53 Share Your Ideas with Your Peers!
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54 Access to Webinar Resources
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55 Stay Informed, Get Connected!

56 THANKS! www.workforce3one.org
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