Employment Outlook: 2010-20

1. Employment Outlook: 2010-20 Thomas McDonald Economist Chicago Economic Analysis & Information Office November 9, 2012

2. Overview • Why employment projections?

5. Overview Results of 2010-20 Projections • Population and labor force • Industry growth • Occupational growth • Resources for additional information

6. Employment Outlook: 2010-20 Population and Labor Force Growth

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

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

9. Labor Force Participation Rates Percent Men Total Women

10. Labor Force Share by Age Group

11. Labor Force Share by Race

12. Labor Force Percent Change by Race and Ethnicity Projected 2010-20

13. Employment Outlook: 2010-20 Industry Growth

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

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

16. Service providing Goods producing 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%

17. Employment Outlook: 2010-20 Occupational Growth

18. Employment Change by Major Occupational Group Thousands of jobs, projected 2010-20 (Continued on next slide)

19. Employment Change by Major Occupational Group Thousands of jobs, projected 2010-20 (Continued)

20. Job Openings by Major Occupational Group Thousands of job openings, projected 2010-20 (Continued on next slide)

21. Job Openings by Major Occupational Group (Continued) Thousands of job openings, projected 2010-20

22. Fastest Growing Occupations Percent change, projected 2010-20

23. Occupations with the Largest Job Growth Thousands of jobs, projected 2010-20

24. Occupations with the Most Job Openings Thousands of job openings, projected 2010-20

25. Education and Training Classification

26. Employment by Typical Entry-level Education Category: 2010 Thousands of jobs

27. Graduate Degree Occupations with the Largest Job Growth Thousands of jobs, projected 2010-20

28. Bachelor’s Degree Occupations with the Largest Job Growth Thousands of jobs, projected 2010-20

29. Associate’s Degree or Postsecondary Non-degree Award Occupations with the Largest Job Growth Thousands of jobs, projected 2010-20

30. High School Diploma Occupations with the Largest Job Growth Thousands of jobs, projected 2010-20

31. Less Than High School Occupations with the Largest Job Growth Thousands of jobs, projected 2010-20

32. Employment Outlook: 2010-20 Resources for Additional Information

33. Occupational Outlook Handbook www.bls.gov/ooh

34. Occupational Outlook Quarterly www.bls.gov/ooq To subscribe: http://www.bls.gov/opub/ooq/subscrib.htm

35. Employment Projections Program www.bls.gov/emp

36. January 2012Monthly Labor Review • Overview of projections to 2020 • The U.S. economy to 2020: recovery in uncertain times • Labor force projections to 2020: a more slowly growing workforce • Industry employment and output projections to 2020 • Occupational employment projections to 2020

37. State and Local Area Projections • BLS prepares projections only for the nation as a whole • Projections of industry and occupational employment are prepared by each state, using input from the BLS national projections • State projections data, and links to each state’s projections site, are available • http://www.projectionscentral.com/ • http://www.ides.illinois.gov/page.aspx?item=911

38. Additional Employment Information - BED • Business Employment Dynamics • Data from 98% of U.S. employment • Covers gross job gains and losses by industry • State detail are available • http://www.bls.gov/bdm/#data • http://www.bls.gov/bdm/bdmstate.htm#IL

39. Additional Employment Information - JOLTS • Job Openings and Labor Turnover • Survey of 16,000 business establishments • Data cover job openings, hires, quits, discharges, and layoffs • Only total for all industries at state level • http://www.bls.gov/jlt/#data

40. Additional Employment Information - CES • Current Employment Statistics • Monthly survey of 141,000 businesses and government agencies • Nonfarm, non-institutional population • Data exclude proprietors, self-employed, unpaid family or volunteer workers, farm workers, and domestic workers • Employment estimates for metropolitan areas • http://www.bls.gov/sae/

41. Additional Occupational Information - OES • Occupational Employment Statistics • Used in calculating employment projections • Only BLS program to provide wage estimates at the occupational level • Up to 801 occupational categories • http://www.bls.gov/oes/ • http://www.bls.gov/oes/current/oessrcma.htm

42. Thomas McDonaldEconomistChicago Regional Officewww.bls.gov/ro5312-353-1880BLSInfoChicago@bls.gov