1. Labor
Market
Trends
Labor Market Trends refers to the projected change in occupations, wages and salaries.

2. What You Should Know About The Future!
LABOR MARKET TRENDS
What You Should Know About The Future!
The Fastest Growing Occupations!
Occupations With The Most Openings!
Occupations With The Largest Employment!
Occupations With Declining Employment!
Earnings Potential!
Education Level Required!
Students need to prepare themselves to enter a changing and competitive job market. As high school students, they should choose a course plan that will prepare them to continue with their postsecondary training, needed to achieve their career goals. In order to do this, some basic knowledge of Labor Market trends is very helpful. This knowledge will help them to set career goals and set a path toward achieving it.

3. EDUCATIONAL REQUIREMENTS Source: U.S. Bureau of Labor
It is interesting to note that only 20% of the jobs in 2005 are expected to require a college degree! One in five! This figure has remained consistent since However, consider that only 15% of all jobs will require a high school diploma or less. In 1950, it was reasonable to expect to graduate from high school and find a good job with a career ladder and increasing income. That is not the case today. And in 2005, 65% of all jobs will be for people with skill training – training students can get through secondary vocational programs, career colleges, apprenticeship programs, and the military. Many elementary schools are beginning to talk with their parents about the need for education beyond high school Many high schools have made a point to make sure all students know about all educational options and have introduced the idea of “diploma plus” to help students understand that they need a high school diploma PLUS college or skill training.
Source: U.S. Bureau of Labor

5. Fastest Growing occupations 2000-2010 Top 12
What should be noted here is that most of the fastest growing, and highest paying occupations require Formal Education or Training after high school. Computer related occupations make up the top seven. Computers are replacing people for clerical tasks. This is why, with the exception of home health care, jobs that only require on the job training is a declining category. Since the percentage of the aging population is increasing, the home health care occupations are growing.

6. Fastest Growing occupations 2000-2010 Ranking 13-25

7. OCCUPATIONS REQUIRING A POSTSECONDARY AWARD WILL GROW FASTER THAN AVERAGE
The fastest growing education or training category—occupations usually requiring an associate degree—includes computer support specialists, paralegals, and many of the rapidly growing health-related occupations.
Educational categories for occupations usually requiring related work experience or on-the-job training are projected to grow more slowly than average.
The long-term on-the-job training category should grow the slowest, in part because it includes farmers and ranchers and many occupations concentrated in manufacturing, which will experience little overall change in employment.

8. OCCUPATIONS WITH THE MOST Job openings 2000-2010 Top 12
Many of these occupations are plentiful because they require no specialized training, and turnover is high.

9. OCCUPATIONS WITH THE MOST Job openings 2000-2010 Ranked 13-25

10. OCCUPATIONS WITH THE LARGEST NUMERICAL GROWTH THAT WILL ALSO BE FAST GROWING AND HIGH PAYING

11. OCCUPATIONS WITH THE LARGEST EMPLOYMENT-Top 12
Many of these occupations are plentiful because employee turnover is high, and they require little of no formal training. The nursing, education, and computer related occupations reflect the actual need for more qualified workers.

12. OCCUPATIONS WITH THE LARGEST EMPLOYMENT-Ranked 13-25

13. OCCUPATIONS WITH DECLINING EMPLOYMENT TOP 12
Most of these occupations are declining because computer programs and the internet have replaced the need for many services performed by people without formal training.

14. OCCUPATIONS WITH DECLINING EMPLOYMENT Ranked 13-25

15. What do those $’s mean? $$$$ = Very high ($39,700 and over)
$$$ = High ($25,760 to $39,660)
$$ = Low ($18,500 to $25,760)
$ = Very low (up to $18,490)
What does "earnings quartile" mean? The quartile rankings of Occupational Employment Statistics annual earnings data are presented in the following categories:
$$$$ = Very high ($39,700 and over)
$$$ = High ($25,760 to $39,660)
$$ = Low ($18,500 to $25,760)
$ = Very low (up to $18,490)
The rankings were based on quartiles using one-fourth of total employment to define each quartile. Earnings are for wage and salary workers.

16. Source: U.S. Department of Commerce
EDUCATION PAYS
A person’s education level influences their earning potential. For example, over lifetime, a person with a high school diploma who works 40 years will earn a quarter of a million dollars more than a high school drop out! For many, that’s a pretty good reason to stay in school.  One’s education also influences his or her ability to find work. For drop outs, the unemployment rate is 11.0% while the unemployment rate for a high school graduate is 6.9%
Source: U.S. Department of Commerce

17. FOR MORE labor trend INFORMATION CHECK OUT THESE WEBSITES
ICPAC
America’s Career Infonet
Bureau of Labor Statistics