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Bureau of Labor Statistics Releases Employment / Occupational Projections to 2014

Employment in the service-providing industries is expected to continue to grow strongly at a projected rate of 1.6 percent annually. Goods-producing industries are expected to have no growth in employment. Among the service-providing sectors, the most rapidly growing industries are in the health care/social assistance and educational services sectors. Employment in these two sectors is predicted to grow at an annual average rate of 2.8 percent from 2004-2014, adding 5.2 million new jobs. Employment in the largest non-government sector, professional and business services, is projected to grow 2.5 percent annually, adding more than 4.5 million new jobs.

Professional and related occupations and services occupations will add the most jobs from 2004-2014, providing 60 percent of total job growth or 6 million new jobs. Most of the fastest growing occupations are high wage, and most of the declining occupations are low wage. The top fastest growing jobs are all in IT or health care: home health aids, network systems and data communications analysts, medical assistants, physician assistants, and computer software engineers (applications). Occupations adding the largest number of jobs include retail salesperson, registered nurse, postsecondary teacher, customer service representative, and janitor.


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