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138 Monthly Lab. Rev. 1 (2015)
Occupational Employment Projections to 2024

handle is hein.journals/month138 and id is 753 raw text is: Monthly Labor Review DECEMBER 2015 Occupational employment projections to 2024 Overall employment in the U.S. economy is projected to increase 6.5 percent during the 2014 24 decade, adding about 9.8 million new jobs. The most new jobs added andfastestjob growth will occur in healthcare practitioners and technical occupations and healthcare support occupations. Projected changes to demographics as the population ages will drive the expected growth in the healthcare occupational groups. Production occupations and farming, fishing, and forestry occupations are the only major occupational groups projected to decline. U.S. employment is projected to increase 6.5 percent during the 2014-24 decade, from 150.5 million jobs in 2014 to 160.3 million jobs in 2024. The U.S. Bureau of Labor Statistics (BLS) Employment Projections program releases projections for 819 detailed occupations. Employment in 602 occupations is projected to increase, while employment in 217 occupations is projected to decline. Healthcare support occupations and healthcare practitioners and technical occupations are projected to be the two fastest growing occupational groups, adding a combined 2.3 million jobs, about 1 in 4 new jobs. Figure 1 shows the share of total employment for these two groups in 2014 and projected 2024. The combined share of employment for these two groups is projected to increase from 8.3 percent of all jobs in 2014 to 9.2 percent of all jobs in 2024. Figure 1. Share of total employment of selected occupations, 2014 and projected 2024 Percent 6.5 2014 N] 2024 4.5 4.0 35 .. ... . .-- .. .. . . . . . . 3D 25 2.0 1.5 1.0 0 Healthcare practitioners and Iechnical HealIthca re su pport oc cupatio ns OCCupa) tions Sourice: U.S Bureau of Labor Statistics. . = ... ... ..... Only two major occupational groups are projected to see employment decline: production occupations and farming, fishing, and forestry occupations. Together, these two groups are projected to shed 339,300 jobs during the projection period. BLS produces long-term occupational projections to provide career guidance forjobseekers, students, and current workers looking at changing occupations. In addition, policymakers and Page 1

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