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NEW JERSEY DEPARTMENT OF LABOR - PowerPoint PPT Presentation


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NEW JERSEY DEPARTMENT OF LABOR. PROJECTIONS SYSTEM. Industry. Vital. Industry. Population. Employment. Statistics. Projections. Projections. Series. Census. National. Data. Commutation. Projections. Ratios. Labor Force. Industry /. Participation. OES. Occupation. Rates.

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Presentation Transcript
slide1

NEW JERSEY DEPARTMENT OF LABOR

PROJECTIONS SYSTEM

Industry

Vital

Industry

Population

Employment

Statistics

Projections

Projections

Series

Census

National

Data

Commutation

Projections

Ratios

Labor Force

Industry /

Participation

OES

Occupation

Rates

Survey

Matrix

Change -

& SEUF -

Factors

Labor Force

Occupational

=

Projections

End

Projections

Product

population projections
Population Projections

Rate of Population Growth: 1990-2016

2006-2016

2000-2006

1990-2000

2006-2016

2000-2006

1990-2000

  • New Jersey’s 2006-2016 population growth will continue to lag behind the nation as a whole.
population projections4
Population Projections
  • New Jersey’s total population is projected to increase by 0.45% per annum, on average, from 2006 to 2016.
  • The state’s rate of population growth will be 0.58% per annum between 2016 and 2025.
population projections6
Population Projections
  • Population aged 18-39 and 55+ will grow substantially.
population projections7
Population Projections

New Jersey Population by Age: 2006 and 2016

85+

80-84

75-79

70-74

65-69

60-64

55-59

50-54

45-49

40-44

35-39

30-34

25-29

20-24

15-19

10-14

5-9

0-4

600

400

200

0

200

400

600

(Population in thousands)

2006

2016

population projections8
Population Projections
  • Hispanics, Multiracial and Other Races are projected to grow fast.
population projections9
Population Projections
  • Other Races and Hispanics will increase their shares of the state’s total resident population.
population projections10
Population Projections
  • New Jersey’s sex ratio is projected to increase gradually as male population grow slightly faster than their female counterpart.
labor force projections
Labor Force Projections
  • New Jersey’s civilian labor force is projected to grow faster than its population from 2006 to 2016 but not after 2016.

Growth of Population and Labor Force: New Jersey, 1980 - 2025

labor force projections12
Labor Force Projections
  • The “older workers” (labor force aged 55 and older) will grow faster than their younger counterparts.
labor force projections13
Labor Force Projections
  • Hispanics, Other Races and Multiracial labor forces are projected to grow fast.
slide14

Labor Force Projections

  • In fact, the “other races” will account for 40% and 70% of the state’s total labor force growth in 2006-2016 and 2016-2025 periods, respectively.
  • Hispanics will comprise the majority of the state’s labor force growth (70%) from 2006 to 2016. They will account for all the growth of New Jersey’s labor force between 2016 and 2025, as the no-Hispanic labor force is projected to decline somewhat.
labor force projections15
Labor Force Projections
  • Consequently, Other Races and Hispanics will increase their shares of the state’s total civilian labor force.
slide16

Thank You

Comments Welcomed

Prepared by:

New Jersey Department of Labor & Workforce Development

Division of Labor Market and Demographic Research

Contact: Sen-Yuan Wu (email:sywu@dol.state.nj.us tel. 609-292-0077)