Saturday, September 9, 2023

New BLS Employment Projections: 3 Charts

"When you’re thinking about making a career change, what information do you look for? Most people want to know if that career is growing – is the demand for that type of work increasing or decreasing? Will there be more jobs of that type in the future or fewer?

That’s just one use among many for the employment projections data produced every year by the Bureau of Labor Statistics, or BLS. The employment projections give students, job seekers, workers, employers, researchers, policymakers and others a good idea of how the labor force will change, which industries are likely to see growth, how fast specific occupations will grow and more.

The 2022-2032 employment projections data were released on Sept. 6, showing that the economy is projected to add almost 4.7 million jobs from 2022 to 2032. Here are some of the highlights: 

1. Fastest growing occupational groups 

Healthcare growth is being driven by an aging population and a higher prevalence of chronic conditions. Combined with the healthcare practitioners and technical occupational group, healthcare occupations are projected to account for approximately 2 out of every 5 new jobs added to the economy from 2022 to 2032. Demand for information technology products and services are fueling the increase in the computer and mathematical occupational group. Community and social service occupations – including counselors, social workers, and religious workers – are often adjacent to healthcare, so some of this group’s growth will be associated with the robust growth that is expected among healthcare occupations.

Chart showing the top 10 occupational groups projected to grow the fastest from 2022 to 2032. They include healthcare support (15.4%); computer and mathematical (15.2%); healthcare practitioners and technical (8.0%); community and social service (7.8%); life, physical and social science (6.1%); personal care and service (6.1%), legal (5.9%), business and financial operations (5.6%); transportation and material moving (5.4%); and management (5.4%).

Employment Projections 

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