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mahatmakanejeeves

(61,346 posts)
Thu Sep 8, 2022, 09:40 AM Sep 2022

Employment is projected to increase by 8.3 million jobs from 2021 to 2031

Employment is projected to increase by 8.3 million jobs from 2021 to 2031

Economic News Release USDL-22-1805

Employment Projections: 2021-2031 Summary
For release 10:00 a.m. (ET) Thursday, September 8, 2022

Technical information: (202) 691-5700 * ep-info@bls.gov * www.bls.gov/emp
Media contact: (202) 691-5902 * PressOffice@bls.gov


EMPLOYMENT PROJECTIONS -- 2021-2031


The U.S. economy is projected to add 8.3 million jobs from 2021 to 2031, the U.S. Bureau of Labor Statistics (BLS) reported today. Total employment is projected to increase from 158.1 million to 166.5 million and grow 0.5 percent annually, which is slower than the 1.0 percent annual growth recorded over the 2011-21 decade.

The 2021-31 projections use 2021 annual average employment levels as the base year. The 2021 annual average levels do not reflect much of the employment recovery and reallocation that has already occurred in the aftermath of the COVID-19 pandemic and the accompanying recession, given total employment continued to grow rapidly through the first half of 2022. As a result, total employment for the 2021-31 projections, and projected growth in many sectors, reflects fast projected growth resulting from low base year employment levels. However, the pandemic also has been a catalyst for some structural changes in demand for certain goods and services, which are expected to affect long-term demand for employment in a select group of industries and occupations.

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More Information

The Occupational Outlook Handbook (OOH) includes information about more than 500 detailed occupations in over 300 occupational profiles, covering about 4 out of 5 jobs in the economy. Each profile features the 2021–31 projections, along with assessments of the job outlook, work activities, wages, education and training requirements, and more.

--The OOH is available online at www.bls.gov/ooh.

--Field of degree pages are available online at www.bls.gov/ooh/field-of-degree/home.htm.

--Detailed information on the 2021–31 projections will appear in the Monthly Labor Review in Fall 2022.

--Tables with detailed, comprehensive statistics used in preparing the projections are available online at www.bls.gov/emp/tables.htm.

--Definitions for terms used in this news release are available in the BLS Glossary at www.bls.gov/bls/glossary.htm.

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