Consumer spending and job growth
January 09, 2003
Consumer decisions about what to buy, how much to buy, and when to buy from the myriad of goods and services that are available today help to determine how much of which goods and services will eventually be produced. In 2000, employment generated by consumer spending was 83.2 million, or 62 percent of total employment.
Consumer spending is projected to add 11.3 million net new jobs by 2010, so that total employment resulting from consumer spending will reach 94.5 million, or 61 percent of all employment that year. The annual growth rate of employment generated by consumer spending between 2000 and 2010 is projected to be 1.3 percent. This is below the rates of the three previous five-year periods.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer spending and job growth on the Internet at http://www.bls.gov/opub/ted/2003/jan/wk1/art04.htm (visited September 30, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.