Millennial themes: age, education, services
December 01, 1999
The Bureau of Labor Statistics recently released its work force projections for the period 1998-2008.
Some of the themes that may be important to watch unfolding over the next several years include:
- The continuing aging of the labor force. The median age of workers is projected to rise to nearly 41 years. At that level, the median age of the labor force will just exceed the previous high of 40.5 years reached in 1962.
- The growing importance of education. Occupations that require at least an associate degree will account for 40 percent of all job growth out to 2008, compared to a one-quarter share of all jobs that existed in 1998.
- The dominance of the service-producing sector as a source of employment growth. In the projection period—1998 to 2008—the service sector will account for more than 90 percent of job growth.
Projections of the labor force and the industrial and occupational composition of employment are a product of the Employment Projections program. To find out more, see articles from the November 1999 issue of Monthly Labor Review.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Millennial themes: age, education, services on the Internet at http://www.bls.gov/opub/ted/1999/nov/wk5/art03.htm (visited January 30, 2015).
Three recent editions of Spotlight on Statistics
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.