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Health care and social assistance to have largest share of total employment by 2024

December 31, 2015

The health care and social assistance industry is projected to increase its share of total wage and salary employment to 14.5 percent by 2024, up from 12.8 percent in 2014 and 10.8 percent in 2004. The share of employment represented by professional and business services is also projected to increase, rising from 12.3 percent in 2004 and 13.5 percent in 2014 to 13.9 percent in 2024.

Share of total wage and salary employment by industry, 2004, 2014, and projected 2024
Industry 2004 2014 2024

Total wage and salary

100.0 100.0 100.0

Mining

0.4 0.6 0.6

Construction

5.2 4.3 4.6

Manufacturing

10.7 8.6 7.6

Utilities

0.4 0.4 0.3

Wholesale trade

4.2 4.1 4.1

Retail trade

11.3 10.9 10.7

Transportation and warehousing

3.2 3.3 3.2

Information

2.3 1.9 1.8

Financial activities

6.1 5.7 5.6

Professional and business services

12.3 13.5 13.9

Educational services

2.1 2.4 2.5

Health care and social assistance

10.8 12.8 14.5

Leisure and hospitality

9.4 10.4 10.4

Other services

4.6 4.5 4.4

Federal government

2.0 1.9 1.6

State and local government

14.1 13.6 13.2

Agricultural wage and salary

0.9 1.0 0.9

The share of total wage and salary employment represented by manufacturing is projected to decline in the coming period, falling from 10.7 percent in 2004 and 8.6 percent in 2014 to 7.6 percent in 2024. The decline in manufacturing’s employment share is the largest of any industry sector for the 2014–24 period.

For more information, see “Industry employment and output projections to 2024” by Richard Henderson in the December 2015 Monthly Labor Review. Visit Employment Projections for the 2014–24 news release and related data.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Health care and social assistance to have largest share of total employment by 2024 on the Internet at https://www.bls.gov/opub/ted/2015/health-care-and-social-assistance-to-have-largest-share-of-total-employment-by-2024.htm (visited November 18, 2019).

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