The changing industry mix of employment, which is driven by the evolving pattern of demand for goods market. Occupational employment structure varies considerably across industries. Occupations that are concentrated in growing sectors will gain employment in contrast to those concentrated in declining sectors.
The chart provides an overview of the performance of broad sectors of the economy by forecast output and employment change for 2014-2024 to see growth in both output and employment are located in the sector (in terms of the expected level of employment) in 2024.
According to the U.S. Bureau of Labor Statistics (BLS), the civilian labor force in the United States numbered 155.9 million in 2014, and that’s expected to grow to 163.8 million by 2024. What are America’s fastest growing occupations going to be during that time frame? Chosen excerpts by Job Market Monitor. Read the whole story at America’s Fastest Growing Occupations … Continue reading
Grads Over-qualification and Skills Gap in UK – Many occupations have simply experienced either job competition report finds
The UK has witnessed one of the highest rates of higher education expansion across Europe over recent decades, but has not seen an increase in high-skill jobs matching that expansion – indeed, a number of countries with a slower expansion of higher education sector have experienced a larger increase in high-skill jobs. In this report, … Continue reading
Polarization – The four middle skill occupations: 60 percent of employment in 1979, 46 percent in 2012
Cumulatively, these two trends of rapid employment growth in both high and low-‐‑education jobs have substantially reduced the share of employment accounted for by ‘middle skill’ jobs. In 1979, the four middle skill occupations (sales, office and administrative workers, production workers, and operatives) accounted for 60 percent of employment. In 2007, this number was 49 … Continue reading