The latest projections from the Bureau of Labor statistics spelled great news for the future of employment, showing the economy will add 11.5 million jobs over the next decade.
Over the course of this decade, employment is expected to grow from 156,100,000 to 167,600,000, an increase of 0.7 percent. This is greater than the 0.5 percent growth seen in the previous decade from 2006 through 2016, which included the recession, which began in December of 2007.
About one-third of the new jobs will be those in health care and social assistance, which will add about 4 million jobs to the economy over the next decade. Wage and salary employment over the next decade in this sector is expected to increase by 1.9 percent.
“Healthcare support occupations (23.2 percent) and healthcare practitioners and technical occupations (15.2 percent) are projected to be among the fastest growing occupational groups during the 2016-26 projections decade,” the report explains. “These two occupational groups—which account for 14 of the 30 fastest growing occupations from 2016 to 2026—are projected to contribute about one-fifth of all new jobs by 2026.”
Negative reports on the economy since Trump took office have been few and far between, with economics representing his strongest policy area by far.
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