Thursday, December 31, 2015

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

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.

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.

More from the the Bureau of Labor Statistics.

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